The word “contemporary” means “following modern ideas” and it is indeed the best description for this genre. All the other aspects, like style, status, values and methods are the subject of constant debate.
Contemporary dance focuses on bodily feeling right here and right now, it pursues new ways of bodily experience. This new experience may serve as a goal or as a method for creating a new type of dance language, for example. Because of its vague nature, contemporary dance does not represent any specific technique or dance school. Rather than that, an individual dancer, a choreographer or a dance company might develop their own style and dance language.
Giving a pinpoint definition to contemporary dance would mean detaching it from idea-based present reality. In order to properly understand this genre, you will have to be attentive to the world, keep an eye on dance events and festivals, read special issues and follow the trends of dance education.