Term: Contingency
Contingency (noun) /kənˈtɪn.dʒən.si/:
- A future event or circumstance which is possible but cannot be predicted with certainty. LV: neparedzēts gadījums, iespējamība.
- A provision for an unforeseen event or circumstance, such as an extra amount of money or a backup plan. LV: rīcības plāns neparedzētām situācijām, rezerve.
Example sentences:
- We must consider every contingency before we start the construction project.
- The budget includes a 10% fund to cover any contingency that might arise.
Common phrases:
- Contingency plan: A plan designed to take account of a possible future event or circumstance.”The company has a contingency plan in case the main server fails.”
- Contingency fund: A reserve of money set aside to cover unexpected expenses.”We used the contingency fund to pay for the emergency roof repairs.”
- Prepare for every contingency: To be ready for any possible outcome.”A good pilot is trained to prepare for every contingency during a flight.”
Merriam-Webster Online Dictionary
contingency (noun)1.
the quality or state of being - contingent
2.
a event or condition as - contingent
a) an event (as an emergency) that may but is not certain to occur - trying to provide for every contingency
b) something liable to happen as an to or result of something else - adjunct juncture
Merriam-Webster Online Thesaurus
contingency (noun)1.
something that might happen
SYNONYMS:
case, contingence, contingency, contingent, eventuality, possibilityRELATED WORDS:
probability; accident, chance, hap, hazard, risk2.
something upon which the carrying out of an agreement or offer depends
SYNONYMS:
contingency, if, provision, proviso, qualification, reservation, stipulationRELATED WORDS:
strings, terms; precondition, prerequisite, requirement, requisite; limitation, modification, restriction; exception, exemption; demand, essential, must, necessity, need