noun

• (uncountable) The quality of being contingent, of happening by chance.
• (countable) A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.
• (finance, 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.