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contingency

Say it: kun-TIN-jun-see /kənˈtɪndʒənsi/ · noun

What “contingency” means

Something that might happen and needs preparing for.

More precisely: A possible future event that must be prepared for; also, a plan or fund for it.

Example: “Keep a contingency fund covering three months of expenses.”

When to use it

In formal planning, when preparing for possible problems with backup arrangements or spare funds. It is common business language.

It can also mean

It can also mean a backup plan or money reserved for unexpected problems.

Similar words

eventuality, backup, fallback

Quick check

An outdoor event organiser keeps a covered hall available in case a storm arrives. What does this backup provide?

a forecast or a contingency?

Show the answer

a contingency

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