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WordNet-Online
Definitions from WordNet
Noun contingency has 2 senses
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Definitions from the WebContingenciesNoun - Singular:A contingency refers to something that may or may not happen, an event or situation that is uncertain or dependent on other factors. Sense 1:In insurance, a contingency is an unforeseen event or circumstance that might result in the triggering of an insurance policy. Example sentence: Make sure you carefully read the policy to understand what contingencies are covered in case of an accident. Related products: Insurance Policies Sense 2:A contingency plan is a detailed strategy or backup plan designed to handle unexpected events or emergencies. Example sentence: The company had to activate its contingency plan to ensure business continuity during the power outage. Related products: Emergency Management Plans Noun - Plural:Contingencies, in plural form, can refer to a range of possible future events or circumstances that are anticipated and accounted for. Sense 1:In financial planning, contingencies are provisions made for unexpected expenses or situations that may impact budgeting or investments. Example sentence: It is important to include contingencies in your budget to account for any unexpected costs that might arise. Related products: Financial Planning Software Related forms:
Example sentence: The success of the project is contingent upon securing additional funding. | ||||
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