What does "contingent" mean in a situation?

The term "contingent" refers to something that is dependent on certain conditions or circumstances, meaning it is likely to occur but not guaranteed. When we describe a situation as contingent, we imply that its outcome hinges on other uncertain factors. For instance, a contingent agreement in a business context might depend on certain conditions being met, thus illustrating the dependence on external variables. This perfectly reflects the nature of "contingent" as it emphasizes the inherent uncertainty and condition-based nature of the situation described.