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1.
absence of certainty in events, a possibility (n)
The new multi-storeyed hotel was questioned on its contingency evacuation plans in the wake of a disaster.
by Sana_m April 16, 2010
 
2.
an asshat who can't finish a project he started
Contingency: I'm working on this new website, it should be done next week.

Contingency: I'm working on a new design for a phone, it should be done next week.
by gues582482 June 14, 2012