contingency

kun-TIN-jun-see /kənˈtɪndʒənsi/
nounC1GREGMATCAT
businessacademiclegal

A future event or circumstance that is possible but cannot be predicted with certainty.

Usually refers to a backup plan or fund designed to handle a negative event if it occurs.

The story behind the word. From Latin contingere 'to touch, happen, befall,' from com- (together) + tangere (to touch). A contingency is literally something that 'touches' or depends on another event happening first.

Word relationships

  • eventuality: Eventuality is any possible outcome, whereas contingency usually implies a specific event we must prepare for.
  • certainty: A certainty is an event that is guaranteed to happen.

Commonly confused with

  • emergency: An emergency is the crisis itself; a contingency is the planned-for possibility of that crisis.

Word family

  • contingent (adjective): Subject to chance; dependent on something else.

Collocations

  • contingency plan
  • contingency fund
  • prepare for contingencies

Idioms & expressions

  • plan B
  • just in case

Example sentences

  • "The project manager created a contingency plan in case the primary supplier went bankrupt." Project management

Memory hook

Think of a 'contingency' as a plan that 'continues' your progress if a 'tangent' event occurs. A plan that touches on what might happen.

When not to use

Do not use for a guaranteed event or a purely positive, planned milestone.

Fun facts

  • In legal terms, a 'contingency fee' means the lawyer only gets paid if they win the case—the payment is contingent on success.

Related words

mitigate, resilient

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