contingency

Meaning

  1. (uncountable) The quality of being contingent, of happening by chance.
  2. (countable) A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.
  3. (countable) 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. (countable) A statement which is neither a tautology nor a contradiction.

Opposite of
inevitability, impossibility, certainty, possibility, sure thing
Frequency

C2
Pronounced as (IPA)
/kənˈtɪnd͡ʒənsi/
Etymology

From contingent + -cy (16th century).

Notes

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