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a course of action to be followed if a preferred plan fails or an existing situation changes.
a plan or procedure that will take effect if an emergency occurs; emergency plan.

a program of action designed for handling possible future circumstances or events


Read Also:

  • Contingency-fund

    noun, Accounting. 1. money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.

  • Contingency-table

    noun, Statistics. 1. the frequency distribution for a two-way statistical classification. noun 1. (statistics) an array having the frequency of occurrence of certain events in each of a number of samples

  • Contingency-reserve

    noun, Accounting. 1. an amount of money established from retained earnings to allow for unforeseen losses in business.

  • Contingency-tax

    noun 1. any new tax that would be necessary in case of a shortfall in revenues.

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