UK Accounting Glossary
A liability of uncertain timing or amount.
Similar: supplying, supply, providing, purveying, delivery, furnishing, equipping, giving, donation, allocation, distribution, presentation
2. An amount or thing supplied or provided.
“changing levels of transport provision”
Similar: facilities, services, amenities, resource(s), equipment, arrangements, solutions, means, offering, funds, benefits, assistance, allowance(s), concession(s), opportunities
1. supply with food, drink, or equipment, especially for a journey.
“civilian contractors were responsible for provisioning these armies”
2. set aside an amount in an organization’s accounts for a known liability.
“financial institutions have to provision against loan losses”
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Provision are sourced/syndicated and enhanced from:
This glossary post was last updated: 23rd December 2018.