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contingency

/kənˈtɪndʒənsi/
Dictionary

noun

  • The quality of being contingent, of happening by chance; unpredictability.
  • A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.
  • An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification.
  • A statement which is neither a tautology nor a contradiction.
Synonyms:possibility

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