contingent

Vocabulary Word

Definition

'Contingent' means something is entirely dependent on another thing. It's a condition that says, 'this can only happen if that other event happens first.' Like securing a home loan is contingent upon good credit.

Examples in Different Contexts

In impact projects, 'contingent' plans are indispensable. A project coordinator might declare, 'Developing contingent strategies is key to navigate uncertainties and ensure the continuity and effectiveness of our interventions in fluctuating circumstances.'

Practice Scenarios

Business

Scenario:

Given the degree of uncertainty, we should ensure that the deal has flexible exit options to protect our interests.

Response:

Indeed, structuring the buy-out in a way that's contingent on performance metrics could insulate us.

Academics

Scenario:

Before announcing the new coding class, we should judge student interest level to ensure successful implementation.

Response:

That's a good idea! Making the course contingent on sufficient sign-ups ensures we utilize our resources optimally.