contingency background

contingency

/kənˈtɪndʒənsi/

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noun

Contingencia, imprevisto

The quality of being contingent, of happening by chance; unpredictability.

Examples :

"The weather forecast's contingency plans for rain included bringing in the outdoor tables. "

Los planes de contingencia del pronóstico del tiempo para la lluvia incluían guardar las mesas al aire libre.

possibility situation outcome quality

Illustration contingency - Image 1

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noun

Contingencia, posibilidad

A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.

Examples :

"The contingency fund will cover unexpected expenses, like a sudden repair needed for the family car. "

El fondo para imprevistos cubrirá los gastos inesperados, como una reparación repentina necesaria para el coche familiar.

possibility business finance insurance economy condition

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noun

Contingencia, indemnización

An 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.

Examples :

"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. "

La empresa constructora incluyó una gran contingencia en el contrato, pagadera al distrito escolar, en caso de que el nuevo edificio no se completara para el inicio del curso escolar.

business finance law

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noun

Contingencia, eventualidad

A statement which is neither a tautology nor a contradiction.

Examples :

"The contingency plan for the school picnic states that if it rains, we'll have it in the gym. "

El plan de contingencia para el picnic escolar establece que si llueve, lo haremos en el gimnasio.

logic philosophy statement