Learn how to prepare for potential negative events with contingency planning. Discover strategies for risks like natural disasters and fraud to minimize disruptions. We explain what a contingency is, its types, examples and differences with necessity and possibility. Also, what is a contingency plan. CONTINGENT definition : 1. a group of people representing an organization or country, or a part of a military force: 2…. Learn more. Contingency definition : dependence on chance or on the fulfillment of a condition; uncertainty; fortuitousness.. See examples of CONTINGENCY used in a sentence.