Learn how to prepare for potential negative events with contingency planning. Discover strategies for risks like natural disasters and fraud to minimize disruptions. CONTINGENCY meaning : 1. something that might possibly happen in the future, usually causing problems or making further…. Learn more. We explain what a contingency is, its types, examples and differences with necessity and possibility. Also, what is a contingency plan. The meaning of CONTINGENCY is a contingent event or condition. How to use contingency in a sentence. Synonym Discussion of Contingency .