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Topic: Finance

contingency

IPA: /kənˈtɪn.dʒən.si/

KK: /kənˈtɪn.dʒən.si/

noun

Definition: A situation or event that might happen in the future, often requiring a plan or preparation to deal with it.

Example: We need to have a contingency plan in case the main event is canceled.

contract

IPA: /ˈkɒntrækt/

KK: /ˈkɒntrækt/

intransitive verb

Definition: To make an agreement or to enter into a formal arrangement with someone.

Example: The company decided to contract with a new supplier for their materials.

noun

Definition: A formal agreement between two or more parties that is legally binding and enforceable, often written down.

Example: They signed a contract to finalize the sale of the house.

transitive verb

Definition: To make a formal agreement or to become smaller or tighter.

Example: The company decided to contract with a new supplier for their materials.

contracted

IPA: /kənˈtræktɪd/

KK: /kənˈtræktɪd/

adjective

Definition: Made smaller or reduced in size, often as a result of a process or condition.

Example: The contracted muscles allowed him to lift the heavy weight more easily.

verb

Definition: To become smaller or tighter, or to make something smaller or tighter.

Example: The muscle contracted when he lifted the weight.

contractibility

IPA: /kənˈtræktəˌbɪlɪti/

KK: /kənˈtræktəˌbɪlɪti/

noun

Definition: The ability of something to become smaller or tighter.

Example: The contractibility of the muscle allows it to pull and create movement.

contracting

IPA: /kənˈtræktɪŋ/

KK: /kənˈtræktɪŋ/

adjective

Definition: Describing something that is becoming smaller or narrower in size or amount.

Example: The contracting space made it difficult for the team to work comfortably.

verb

Definition: To make something smaller or tighter, or to enter into a formal agreement.

Example: The muscles are contracting during exercise to help lift the weight.

contractionary

IPA: /kənˈtrækʃənˌɛri/

KK: /kənˈtrækʃəˌnerē/

adjective

Definition: This word describes something that causes a decrease or reduction, especially in economic contexts, such as reducing the amount of money available in the economy.

Example: The government implemented contractionary policies to control inflation.

contractor

IPA: /kənˈtræktər/

KK: /kənˈtræktər/

noun

Definition: A person or company that agrees to provide services or materials for a specific price, often in construction or other projects.

Example: The contractor completed the renovation of the house ahead of schedule.

contractual

IPA: /kənˈtræktʃuəl/

KK: /kənˈtræktʃuəl/

adjective

Definition: Related to a formal agreement between parties that outlines obligations and rights.

Example: The company entered into a contractual agreement with the supplier to ensure timely deliveries.

contractually

IPA: /kənˈtræktʃuəli/

KK: /kənˈtræktʃuəli/

adverb

Definition: In a manner that is related to or specified by a legal agreement between parties.

Example: The parties agreed contractually to complete the project by the end of the year.

contribute

IPA: /kənˈtrɪb.juːt/

KK: /kənˈtrɪbjut/

intransitive verb

Definition: To give or add something, especially to help achieve a goal or support a cause.

Example: She contributes to the local food bank every month.

transitive verb

Definition: To give something, such as money, help, or ideas, to a group or project so that it can be used by others.

Example: She decided to contribute her time to help the local charity.

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