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What does contingency mean?

Looking for the meaning or definition of the word contingency? Here's what it means.

Noun
  1. (uncountable) The quality of being contingent, of happening by chance; unpredictability. [1560s]
  2. (countable) A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses. [1610s]
  3. (countable) 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.
  4. (logic) A statement which is neither a tautology nor a contradiction.
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These two amounts should be added together plus some cushion for unforeseen contingency.
I think the only reason you're back now is because Plan A disintegrated and I'm your contingency.
They also need to at least discuss contingency plans on how to deal with animal rights activists.
Other contingency plans include rookie Ryan Claridge and a potential return by ageless veteran Roman Phifer.
From the news side perspective, the main tool for smoothing earnings was the contingency budget.
But at its best, especially in the fiction, there is a fantastic sense of energy, intellectual fearlessness, contingency, reckless dash.

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