contingency Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “contingency” in the English Dictionary

(Definition of contingency from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"contingency" in American English

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contingencynoun [C]

 us   /kənˈtɪn·dʒən·si/
something that might ​possiblyhappen in the ​future, usually causing ​problems or making ​furtherplans and ​arrangementsnecessary: We must ​prepare for all ​possible contingencies.
(Definition of contingency from the Cambridge Academic Content Dictionary © Cambridge University Press)

"contingency" in Business English

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contingencynoun [C]

uk   us   /kənˈtɪndʒənsi/ (plural contingencies)
something that might possibly ​happen in the future, usually causing problems or making further ​arrangements necessary: "While it is impossible to ​account for every contingency, the ​industry historically has ​metdemand and fully expects to do so this winter," said the American Petroleum ​Institute.
an ​arrangement for ​dealing with something that might possibly ​happen or cause problems in the future: The ​reportadvises a ​minimumfund of three months' ​netincome to ​provide a contingency against ​uncertainties in the future.
on a contingency basis LAW if you ​work for someone on a contingency ​basis, you ​agree that you will only be ​paid if you ​achieve a particular ​aim, for ​example, getting a ​successfulresult in a ​court of ​law: In ​personalinjurycases many ​attorneyswork on a contingency ​basis, so you will not have to ​pay them a ​fee up ​front.
(Definition of contingency from the Cambridge Business English Dictionary © Cambridge University Press)
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“contingency” in Business English

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