Contingency vs Collateral - What's the difference?
contingency | collateral |
(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.
parallel, along the same vein, side by side.
Corresponding; accompanying, concomitant.
* Wordsworth
Being aside from the main subject; tangential, subordinate, ancillary.
* Macaulay
(family ) of an indirect ancestral relationship, as opposed to lineal descendency.
* 1885 , , The Book of the Thousand Nights and a Night , volume 5,
relating to a collateral in the sense of an obligation or security
expensive to the extent of being paid through a loan
Coming or directed along the side.
* Shakespeare
Acting in an indirect way.
* Shakespeare
A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (Originally supplied as "accompanying" security.)
A collateral (not linear) family member.
A branch of a bodily part or system of organs
(marketing) printed materials or content of electronic media used to enhance sales of products (short form of collateral material)
A thinner blood vessel providing an alternate route to blood flow in case the main vessel gets occluded.
As a noun contingency
is (uncountable) the quality of being contingent, of happening by chance; unpredictability.As an adjective collateral is
collateral.contingency
English
(wikipedia contingency)Noun
Synonyms
* (quality of happening by chance) possibility * See alsoAntonyms
* (quality of happening by chance) inevitability, impossibilityCoordinate terms
* (statement which is neither a tautology nor a contradiction) contradiction, tautologyDerived terms
* contingency plancollateral
English
Adjective
(-)- Yet the attempt may give / Collateral interest to this homely tale.
- Although not a direct cause, the border skirmish was certainly a collateral incitement for the war.
- That he [Atterbury] was altogether in the wrong on the main question, and on all the collateral questions springing out of it, is true.
- ''Uncles, aunts, cousins, nephews and nieces are collateral relatives.
- The pure blood all descends from five collateral lines called Al-Khamsah (the Cinque).
- collateral pressure
- collateral light
- If by direct or by collateral hand / They find us touched, we will our kingdom give / To you in satisfaction.
Derived terms
* collaterality * collaterally * collateral damage * collateral form * collateral material * collateral securityNoun
(wikipedia collateral) (en noun)- ''Besides the arteries blood streams through numerous veins we call collaterals