Definition from Wiktionary, the free dictionary
- (uncountable) The quality of being contingent, of happening by chance; unpredictability. [1560s]
- (countable) A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses. [1610s]
- (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.
- (logic, countable) A statement which is neither a tautology nor a contradiction.
quality of being contingent; unpredictability
possibility; something which may or may not happen
amount of money that will be paid if a project does not succeed
a statement which is neither a tautology nor a contradiction