单词 | provision |
释义 | provision provision // noun, verb
■ noun
CALL PROVISION, SUNSET PROVISION, TAX PROVISION
1 (Accounting ) [C,U] an amount of money that a company keeps for a particular purpose or to deal with possible problems or expenses in the future: The bank has set aside extra provisions for bad loans. an increase in bad debt provision It had taken a €128 million restructuring provision to cover the cost of the lay-offs. SYN RESERVE
2 [U] the act of supplying sb with sth that they need or want: The government is responsible for the provision of health care. the provision of broadband services for businesses
3 (Law ) [C] a condition or an arrangement in a legal document: The contract is subject to the provisions of the Supply of Goods and Services Act.
4 [U,C] preparations that you make for sth that might or will happen or be needed in the future: Little or no provision has been made for cycle parking at the offices. There must be a provision for employees to express their views on plans for a merger.
■ verb [+ obj or no obj]
(Accounting ) to keep an amount of money for a particular purpose, for example paying taxes: The company had to provision $450m to fight a series of lawsuits. It is essential to provision against the possibility of non-payment. ⇨ PROVIDE
provisioning noun [U]: The bank has just increased its provisioning against bad loans. |
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