noun
- possible future events or circumstances that are uncertain and may require preparation or response
- emergency funds or backup plans set aside for unexpected situations
Usage: plural of contingency
Usage: business and financial contexts
Examples
- The company prepared for various contingencies that might affect the project timeline.
- Emergency services must plan for multiple contingencies during natural disasters.
- The budget includes funds for unexpected contingencies.
- Military strategists consider all possible contingencies before launching an operation.
- The contract outlined contingencies for delays caused by weather.
- Insurance policies help protect against financial contingencies.
- The wedding planner had backup contingencies in case of rain.