contingency
Pronunciation: [kənˈtɪndʒənsi]
Word
Context: “planning”
(noun) a possible event or situation that could happen in the future. It's like having a backup plan in case something unexpected occurs, like if you planned a picnic but it might rain.
Example
We prepared a contingency plan in case the weather turns bad on our picnic day.
Example
We didn’t think of any contingency, so when it rained, we had no idea what to do.
Example
What contingency do we have if our original plan doesn’t work out?
Context: “business”
(noun) an event that may occur depending on other events or situations. It's like waiting to see if a choice you make will lead to something else happening later.
Example
The company's profit depends on the contingency of market conditions improving.
Example
The project won't succeed without knowing the contingency of the new rules being set.
Example
Is there a contingency that affects how much we can invest in this project?
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