What is another word for contingency?
Pronunciation: [kəntˈɪnd͡ʒənsi] (IPA) 
Contingency can be defined as a situation that might happen in the future, but is not certain. Synonyms for contingency include possibility, likelihood, chance, eventuality, unforeseen circumstance, uncertainty, and emergency. In business, contingency planning is crucial to identify potential risks and prepare for scenarios that may arise. Other synonyms for contingency can depend on the context, including variables, factors, conditions, or alternatives. In legal terms, contingency fees are paid to lawyers based on the outcome of a case, while in insurance, contingency reserves are set aside for unexpected losses. Regardless of the specific field, understanding and preparing for contingencies is essential for effective risk management.
