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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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更新时间:2024/11/11 8:36:36