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Meaning

1. Meaning 1 · noun

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

2. Meaning 2 · noun

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

3. Meaning 3 · noun

   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.

4. Meaning 4 · noun

   A statement which is neither a tautology nor a contradiction.

How this word is used

• Everyday “In everyday speech, people use “contingency” when they mean: the quality of being contingent, of happening by chance; unpredictability..”
• Academic “Scholars may discuss “contingency” carefully in formal writing.”
• Business “Teams often rely on clear use of “contingency” in professional communication.”

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