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Agreement vs Contingency - What's the difference?

agreement | contingency | Related terms |

In countable terms the difference between agreement and contingency

is that agreement is an understanding between entities to follow a specific course of conduct while contingency is an amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification.

In uncountable terms the difference between agreement and contingency

is that agreement is a state whereby several parties share a view or opinion; the state of not contradicting one another while contingency is the quality of being contingent, of happening by chance; unpredictability.

agreement

English

Noun

  • (countable) An understanding between entities to follow a specific course of conduct.
  • * {{quote-magazine, date=2013-07-19, author=(Timothy Garton Ash)
    • , volume=189, issue=6, page=18, magazine=(The Guardian Weekly) , title= Where Dr Pangloss meets Machiavelli , passage=Hidden behind thickets of acronyms and gorse bushes of detail, a new great game is under way across the globe.
  • (uncountable) A state whereby several parties share a view or opinion; the state of not contradicting one another.
  • (uncountable, legal) A legally binding contract enforceable in a court of law.
  • (uncountable, linguistics) Rules that exist in many languages that force some parts of a sentence to be used or inflected differently depending on certain attributes of other parts.
  • *
    • Having clarified what we mean by ‘Person? and ‘Number?, we can now return to our earlier observation that a finite I is inflected not only for Tense, but also for Agreement . More particularly, I inflects for Person and Number, and must ‘agree? with its Subject, in the sense that the Person/Number features of I must match those of the Subject.
  • An agreeable quality.
  • * 1650 , (John Donne), "Elegie XVII":
    • Her nymph-like features such agreements have / That I could venture with her to the grave [...].

    Synonyms

    * (An understanding to follow a course of conduct) concord, convention, covenant, meeting of the minds, pact, treaty * (A state whereby several parties share a view or opinion) congeniality, concurrence, harmony, accord * (A legally binding contract) settlement * concord * (An agreeable quality) amenity, pleasantness, niceness

    Derived terms

    * agreement coorporation * agreement in principle * Buttonwood Agreement * collective agreement * concession agreement * framework agreement * gentleman's agreement * heads of agreement * in agreement * interest rate agreement * knock-for-knock agreement * letter agreement * margin agreement * Multilateral Agreement * nondisclosure agreement * option agreement * partnership agreement * prenuptial agreement * purchase agreement * sales agreement * Schengen Agreement * security agreement * service level agreement * single union agreement * Smithsonian Agreement * standby agreement * standstill agreement * strike an agreement with * subordination agreement * subscription agreement * throughput agreement * tolling agreement * tripartite agreement * underwriting agreement * working agreement

    Hyponyms

    * (An understanding to follow a course of conduct) conspiracy

    Related terms

    () * agreed * agreed upon * agreeance

    See also

    * consent, approval

    See also

    * consensus * (wikipedia)

    Statistics

    * ----

    contingency

    English

    (wikipedia contingency)

    Noun

  • (uncountable) The quality of being contingent, of happening by chance; unpredictability.
  • (countable) A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.
  • (countable) An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification.
  • (logic, countable) A statement which is neither a tautology nor a contradiction.

    • Synonyms

    * (quality of happening by chance) possibility * See also

    Antonyms

    * (quality of happening by chance) inevitability, impossibility

    Coordinate terms

    * (statement which is neither a tautology nor a contradiction) contradiction, tautology

    Derived terms

    * contingency plan