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.

Synonyms:

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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