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Contingency
01
an event or situation that might happen
Examples
The team drafted backup plans for various contingencies.
The plan accounts for contingencies that could delay the project.
02
the condition of depending on something else
Examples
Their promotion was subject to the contingency of meeting sales targets.
Our travel plans are under contingency based on flight availability.
03
the funds that are set aside for unforeseen expenses that may arise in the future
Examples
The company allocated a portion of its budget as a contingency to cover unexpected costs, such as equipment repairs or legal fees.
As a prudent financial practice, homeowners should maintain a contingency fund to cover sudden home repairs, like a leaking roof or a malfunctioning furnace.
Lexical Tree
contingency
contingence
conting
