contingency

English dictionary entry

Meanings

noun
  1. The quality of being contingent, of happening by chance.
  2. A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.
  3. 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 they do not fulfill the contract according to the specification.
  4. A statement which is neither a tautology nor a contradiction.

Pronunciation

/kənˈtɪnd͡ʒənsi/ LL-Q1860 (eng)-Vealhurl-contingency.wav

Word forms

contingency contingencies

Etymology

From contingent + -cy (16th century).

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