Commitment vs Contingency - What's the difference?
commitment | contingency |
The act or an instance of committing, putting in charge, keeping, or trust, especially:
# The act of sending a legislative bill to committee for review.
# Official consignment sending a person to prison or a mental health institution
Promise or agreement to do something in the future, especially:
# Act of assuming a financial obligation at a future date
Being bound emotionally/intellectually to a course of action or to another person/other persons.
The trait of sincerity and focused purpose.
Perpetration, in a negative manner, as in a crime or mistake.
State of being pledged or engaged.
The act of being locked away, such as in an institution for the mentally ill or jail.
(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.