IPA: /kənˈtɪn.dʒən.si/
KK: /kənˈtɪn.dʒən.si/
A situation or event that might happen in the future, often requiring a plan or preparation to deal with it.
We need to have a contingency plan in case the main event is canceled.
Contingency is formed from "con-" (meaning together) and "tingere" (meaning to touch). The word refers to events that may happen together or depend on certain conditions, hence the idea of being contingent upon something.
Think of events that 'touch' or depend 'together' — that's why contingency refers to possible events that rely on certain conditions.