Source : Webster's Revised Unabridged Dictionary (1913)

Contemporary \Con*tem"po*ra*ry\, a. [Pref. con- + L. temporarius
   of belonging to time, tempus time. See {Temporal}, and cf.
   {Contemporaneous}.]
   1. Living, occuring, or existing, at the same time; done in,
      or belonging to, the same times; contemporaneous.

            This king [Henry VIII.] was contemporary with the
            greatest monarchs of Europe.          --Strype.

   2. Of the same age; coeval.

            A grove born with himself he sees, And loves his old
            contemporary trees.                   --Cowley.

Contemporary \Con*tem"po*ra*ry\, n.; pl. {Contemporaries}.
   One who lives at the same time with another; as, Petrarch and
   Chaucer were contemporaries.

Source : WordNet®

contemporary
     adj 1: characteristic of the present; "contemporary trends in
            design"; "the role of computers in modern-day
            medicine" [syn: {modern-day}]
     2: belonging to the present time; "contemporary leaders" [syn:
        {present-day(a)}]
     3: occurring in the same period of time; "a rise in interest
        rates is often contemporaneous with an increase in
        inflation"; "the composer Salieri was contemporary with
        Mozart" [syn: {contemporaneous}]
     n : a person of nearly the same age as another [syn: {coeval}]