contingency🔊

The quality of happening by chance. +

A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.

(finance) 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.

(logic) A statement which is neither a tautology nor a contradiction.