Pronunciation: con-tin-gen-cy
Definition: possibility
Part of Speech: noun
Etymology: Latin
Professional Site: Contingency planning in a scheduling process
https://www.google.com/patents/EP1139246A1?cl=en&dq=Contingency&hl=en&sa=X&ei=O9l3UsnPHOnNsQT594DYBw&ved=0CDkQ6AEwAA

Many people have a plan B because there is a contingency that plan A will fail
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