noun🔗ShareThe quality of being contingent, of happening by chance; unpredictability."The weather forecast's contingency plans for rain included bringing in the outdoor tables. "possibilitysituationoutcomequalityChat with AIVocabulary GamePractice Reading
noun🔗ShareA possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses."The contingency fund will cover unexpected expenses, like a sudden repair needed for the family car. "possibilitybusinessfinanceinsuranceeconomyconditionChat with AIVocabulary GamePractice Reading
noun🔗ShareAn amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification."The construction company included a large contingency in the contract, payable to the school district, in case the new building wasn't completed by the start of the school year. "businessfinancelawChat with AIVocabulary GamePractice Reading
noun🔗ShareA statement which is neither a tautology nor a contradiction."The contingency plan for the school picnic states that if it rains, we'll have it in the gym. "logicphilosophystatementChat with AIVocabulary GamePractice Reading
