Define: Provision

UK Accounting Glossary

Definition: Provision

Quick Summary of Provision

A liability of uncertain timing or amount.

What is the dictionary definition of Provision?

Dictionary Definition

  1. An item of goods or supplies, especially food, obtained for future use.
  2. The act of providing, or making previous preparation.
  3. Money set aside for a future event.


Full Definition of Provision


Provision FAQ's

Cite Term

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.

Page URL
Modern Language Association (MLA):
Provision. Payroll & Accounting Heaven Ltd. September 20, 2019
Chicago Manual of Style (CMS):
Provision. Payroll & Accounting Heaven Ltd. (accessed: September 20, 2019).
American Psychological Association (APA):
Provision. Retrieved September 20, 2019, from website:

Definition Sources

Definitions for Provision are sourced/syndicated from:

This glossary post was last updated: 23rd December 2018.