Meaning of Contingency (What it is, Concept and Definition)

contingency is an eventuality, a chance, an event that is based on the uncertainty of what may or may not happen.

Contingency is the characteristic of what is contingent, that is, what is doubtful, possible, but uncertain, which can occur, but not necessarily. Contingency is something that can happen, but it cannot be controlled and you cannot predict whether it will happen or not.

The word originates from the Latin term quota.

For example:

"The government prepares Contingency plan police in case of disturbance at subway stations”.

“The Inter-American Development Bank (IDB) wants to create contingency fund, which will be available for situations in which the most vulnerable countries need financial support”.

In the commercial area, the contingency is the quota, it is the reserve quota for importable and exportable products in protectionist countries.

In psychology, more specifically in Behavioral Analysis, contingency consists of a dependency relationship between certain events, to analyze the influence that a given psychological event can have on others events. There is also the triple contingency, which refers to an interdependent relationship between psychological stimuli.

For example:

If you study the content for the exam, you will probably do well.

In Logic, contingency is a proposition that depends on circumstances to be confirmed, as it is not always true and not always false. It is the contingent proposition.

At Philosophy contingency has the meaning of something that can happen, eventually. It is a result that can be expected, but there is no guarantee that it will happen, the event may or may not happen.

The opposite of contingency is the incontinence, which means something that is not doubtful, that is, in which there are no doubts or chance. In incontinence, unlike contingency, there is security and certainty.

contingency synonyms

They are synonymous with the word contingency:

  • possibility
  • eventuality
  • chance
  • possibility
  • chance
  • conditionality
  • probability

know more about Quota and Overage.

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