contingency

contingency
An additional amount or percentage added to any cash flow item ( i.e. capex). Care is needed to ensure it is either to be spent or to remain as a cushion. Bloomberg Financial Dictionary

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contingency con‧tin‧gen‧cy [kənˈtɪndʒənsi] noun contingencies PLURALFORM [countable]
1. an event or situation that might happen in the future, especially one that might cause problems:

• Damage to television aerials is covered under the Contents section. Note: some contents policies do not cover this contingency.

2. a plan for dealing with an event or situation that might happen or cause problems in the future:

• Imagine a major crisis in your area of responsibility. Do you have a contingency for it?

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contingency UK US /kənˈtɪndʒənsi/ noun [C] (plural contingencies)
► something that might possibly happen in the future, usually causing problems or making further arrangements necessary: »

""While it is impossible to account for every contingency, the industry historically has met demand and fully expects to do so this winter,"" said the American Petroleum Institute.

► an arrangement for dealing with something that might possibly happen or cause problems in the future: »

The report advises a minimum fund of three months' net income to provide a contingency against uncertainties in the future.

● on a contingency basis — Cf. on a contingency basis

Financial and business terms. 2012.

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Look at other dictionaries:

  • contingency — con·tin·gen·cy /kən tin jən sē/ n pl cies 1: the quality or state of being contingent 2: a contingent event or condition: as a: an event that may but is not certain to occur a contingency that made performance under the contract impossible b …   Law dictionary

  • Contingency — may refer to:* Contingency (philosophy), a concept denoting the status of facts that are not logically necessarily true or false * Contingency plan, a plan devised for a specific situation when things could go wrong * Cost contingency * Spell… …   Wikipedia

  • Contingency — Con*tin gen*cy, n.; pl. {Contingencies}. [Cf. F. contingence.] 1. Union or connection; the state of touching or contact. Point of contingency. J. Gregory. [1913 Webster] 2. The quality or state of being contingent or casual; the possibility of… …   The Collaborative International Dictionary of English

  • contingency — [kən tin′jən sē] n. pl. contingencies [see CONTINGENCE] 1. the quality or condition of being contingent; esp., dependence on chance or uncertain conditions 2. something whose occurrence depends on chance or uncertain conditions; a possible,… …   English World dictionary

  • contingency — 1560s, quality of being contingent, from CONTINGENT (Cf. contingent) + CY (Cf. cy). Meaning a chance occurrence is from 1610s …   Etymology dictionary

  • contingency — emergency, exigency, pinch, *juncture, pass, strait, crisis Analogous words: chance, break, *opportunity, occasion, time …   New Dictionary of Synonyms

  • contingency — [n] chance happening; possibility accident, break, chance, crisis, crossroads, emergency, event, eventuality, exigency, fortuity, happening, if it’s cool*, incident, juncture, likelihood, occasion, odds, opportunity, pass, pinch, predicament,… …   New thesaurus

  • contingency — ► NOUN (pl. contingencies) 1) a future event or circumstance which is possible but cannot be predicted with certainty. 2) a provision for such an event or circumstance. 3) the absence of certainty in events …   English terms dictionary

  • contingency — n. 1) to provide for every contingency 2) a contingency arises 3) an unforeseen contingency * * * [kən tɪndʒ(ə)nsɪ] a contingency arises an unforeseen contingency to provide for every contingency …   Combinatory dictionary

  • contingency — UK [kənˈtɪndʒ(ə)nsɪ] / US [kənˈtɪndʒənsɪ] noun [countable] Word forms contingency : singular contingency plural contingencies something that might happen in the future, especially something bad We like to be prepared for all contingencies. a)… …   English dictionary

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