CONTINGENCIES — Definition of CONTINGENCIES
noun
1
The quality of being contingent, of happening by chance; unpredictability.
2
A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.
3
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
A statement which is neither a tautology nor a contradiction.
📚 Source: en.wiktionary.org/wiki/contingencies
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