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by Nick on April 1st, 2008
Here's two options from http://www.investorwords.com/1068/contingency.html:
Definition 1
An event that may or may not occur.
Definition 2
A condition that must be met in order for a contract to be legally binding.
by Slim746 on April 1st, 2008
Contingency is an alternate plan of action. That may not be verbatim with the dictionary definition, but I like to give candid answers rather than 'canned' ones.
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