What is the meaning of the word contingent?

The word "contingent" refers to something that is dependent on certain conditions or factors. In this context, when we say something is contingent, it implies that its occurrence or existence relies on something else. For example, a contingent plan would depend on a specific situation unfolding. This captures the essence of the word and aligns with the definition of "dependent," which highlights that one thing is contingent upon another for validity or action. Understanding this relationship is essential in various contexts, such as finance or project planning, where outcomes may rely on specific variables.