contingencycon·tin·gen·cy /kənˈtɪndʒənsi/ noun (plural contingencies) [countableC]1an event or situation that might happen in the future, especially one that might cause problemsDamage to television aerials is covered under the Contents section. Note: some contents policies do not cover this contingency.
2a plan for dealing with an event or situation that might happen or cause problems in the futureImagine a major crisis in your area of responsibility. Do you have a contingency for it?