contingency

noun
UK /kənˈtɪn.dʒən.si/
US /kənˈtɪn.dʒən.si/

A contingency is something that might happen later and that you must be ready for.

We saved some money as a contingency in case the car breaks down.

SYNONYMS

possibilityeventualityemergencybackupuncertainty

RELATED WORDS

planpreparationinsurancereserverisk

OTHER MEANINGS

2. A plan made for something that might happen.

The team made a contingency plan in case it rained.

3. A payment or amount of money set aside for a possible future need.

The budget includes a contingency for unexpected repairs.

4. A situation that depends on something else happening first.

Getting the job was contingent on passing the test.