Finesentence mobile logo
Sign in Login / Register

Contingency Meaning: Definition, Examples, and Translations

⚠️
Add to dictionary

contingency

[kənˈtɪndʒənsi ]

Definitions

Context #1 | Noun

emergency planning

A future event or circumstance that is possible but cannot be predicted with certainty. Contingencies are often accounted for in emergency planning to ensure preparedness for unexpected situations.

Synonyms

eventuality, possibility, uncertainty.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
contingency

Used in planning and risk management to refer to an event that might happen in the future, especially something that could cause problems.

  • We have a contingency plan in place in case there's a power outage
  • The company prepared for various contingencies during the project
possibility

Denotes something that might happen or might be true, often used in a general sense without implying probability or uncertainty.

  • There is a possibility of rain tomorrow
  • You should consider the possibility that the meeting might be canceled
eventuality

Refers to any possible event or outcome, often implying something that one should be prepared for.

  • We need to be ready for any eventuality
  • The insurance covers all eventualities, including natural disasters
uncertainty

Indicates the state of being uncertain or not having knowledge about future events, often carries a negative connotation.

  • Economic uncertainty makes it hard to plan for the future
  • The uncertainty of the results left everyone feeling anxious

Examples of usage

  • In case of a contingency like a natural disaster, the emergency response team is well-prepared.
  • The company has a contingency plan in place to deal with unexpected financial crises.
Context #2 | Noun

law

A provision for an unforeseen event or circumstance in a legal contract, agreement, or plan. Contingencies in legal documents serve to address potential complications or changes in circumstances.

Synonyms

clause, provision, stipulation.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
contingency

Used to refer to something that may happen in the future, especially an unexpected event or circumstance. Often used in risk management and planning.

  • We need to prepare a contingency plan in case of a natural disaster.
  • The company has set aside funds for any contingencies that might arise.
stipulation

Used to refer to a condition explicitly stated within an agreement or document, often seen as a mandatory requirement that must be fulfilled.

  • One stipulation of the deal is that the project must be completed within six months.
  • The stipulations of the agreement were very strict and left no room for negotiation.
clause

Used to describe a specific provision or section within a legal document, contract, or agreement. It specifies particular details and conditions.

  • The contract includes a non-compete clause.
  • Make sure to read the indemnity clause carefully before signing.
provision

Used to describe a condition or requirement included in a legal document, often specifying the actions to be taken or the supplies available for particular needs.

  • The lease agreement has a provision for early termination.
  • According to the provision in the contract, you must give a 30-day notice.

Examples of usage

  • The contract includes contingencies for any delays in delivery of the goods.
  • The agreement has specific contingencies to handle changes in market conditions.
Context #3 | Noun

statistics

A variable or event that is dependent on the occurrence of one or more other variables or events. In statistical analysis, contingencies are taken into account to assess relationships and dependencies.

Synonyms

association, correlation, dependency.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
contingency

Use in situations where there is a possible outcome that might happen, depending on a certain condition or event. Often used in planning and risk management.

  • We need a contingency plan in case the primary plan fails.
  • The company has put aside a contingency fund for emergencies.
dependency

Used to describe a situation where something or someone relies on another for support or existence. Often has a negative connotation when it suggests an unhealthy or excessive reliance.

  • His dependency on medication has increased over the years.
  • The country's economy has a high dependency on tourism.
correlation

Appropriate when describing a statistical relationship between two or more variables, where a change in one variable is related to a change in another.

  • Studies have shown a correlation between exercise and improved mental health.
  • The correlation between the two data sets was found to be significant.
association

Used when referring to a connection or relationship between people, organizations, or ideas. It can also imply a formal group formed for a common purpose.

  • She has a strong association with many local charities.
  • There is a clear association between smoking and lung cancer.

Examples of usage

  • The study considered contingencies between income levels and spending habits.
  • Researchers analyzed the contingencies in the data to identify patterns.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Business

  • In project management, a contingency plan outlines steps to take for potential risks and uncertainties.
  • Businesses often set aside a 'contingency fund' for unexpected expenses, ensuring financial stability during crises.
  • Understanding contingencies is crucial for strategic planning, enabling organizations to navigate challenges effectively.

Psychology

  • A contingency is often linked to behaviorism, where behaviors are influenced by the likely outcomes of actions.
  • In psychological contexts, knowing potential contingencies can help individuals feel more prepared and less anxious.
  • Therapists may use contingency management to encourage positive behaviors by clearly establishing expectations and rewards.

Science

  • In scientific experimentation, considering contingencies can lead to more robust findings by anticipating varying outcomes.
  • Environmental scientists often create contingency plans for natural disasters, preparing responses to minimize harm.
  • Contingency theories in biology suggest that evolutionary outcomes depend on specific events in an organism's environment.

Literature

  • Writers frequently introduce contingencies in plots to create tension, allowing characters to navigate unexpected challenges.
  • In literary analysis, understanding character decisions often hinges on recognizing their contingencies and motivations.
  • Classic tragedies often revolve around unforeseen contingencies that lead to characters’ ultimate downfalls.

Origin of 'contingency'

Main points about word origin

  • The word comes from the Latin 'contingentia', meaning 'a touching or connection', related to possible events.
  • In English, it first emerged in the late 16th century, primarily used in philosophical discussions about possibilities.
  • The root 'contingere' means 'to touch upon', emphasizing how certain situations can influence others.

The word 'contingency' originated from the Latin word 'contingere', which means 'to touch or fall to one's lot'. It entered the English language in the late 16th century with the general sense of 'dependence on circumstances or events not within one's control'. Over time, 'contingency' evolved to encompass the concept of uncertainty and unforeseen events. The term is widely used in various fields such as emergency planning, law, and statistics to refer to possible but unpredictable situations.

Word Frequency Rank

Position #7,975 indicates this is an advanced-level word. While not essential for basic communication, it will enhance your ability to understand and create more nuanced content.