Yes, that's right: contingencies are sentences which are satisfiable but which _also_ have satisfiable negations. That is, a sentence is a contingency iff it is neither a tautology nor a contradiction.
Incidentally, tautologies are also often called _validities_ , so we could rephrase this as "contingent = satisfiable but not valid." (It's also worth noting that I've almost never seen "contingent" on the more mathematical side of logic - "satisfiable" is almost certainly the term you want to pay more attention to.)