provision definition Provision
Provision is defined as a supply of something or to the act of providing a supply of something. An example of provision is food you take with you on a hike. An example of provision is when legal aid provides legal advice.
Provision financial definition of provision
provision. the sums charged in DOUBLE ENTRY ACCOUNTS against a firm’s PROFITS in anticipation of costs which are likely to arise in the future. The most common general provision made by firms is the provision for DOUBTFUL DEBTS which is established in …
Provision legal definition of Provision
PROVISION, com. law. The property which a drawer of a bill of exchange places in the hands of a drawee; as, for example, by remittances, or when the drawee is indebted to the drawer when the bill becomes due, provision is said to have been made. Acceptance always presumes a provision. See Code de Comm. art. 115, 116, 117.
Jump to navigation Jump to search. In United States government contracting, a provision or solicitation provision is a written term or condition used in a solicitation. A provision applies only before a contract is awarded to a vendor. This distinguishes provisions from clauses, which apply after contracts are awarded (and possibly before).
IAS 37 — Provisions, Contingent Liabilities and …
A provision is recognised as contamination occurs for any legal obligations of clean up, or for constructive obligations if the company’s published policy is to clean up even if there is no legal requirement to do so (past event is the contamination and public
Legal Provision(s definition
Legal Provision(s means any federal, state, local or foreign statute, law, regulation, judgment, order or decree of any Governmental Entity. Sample 1 Based on 1 documents
General Provisions Definition
General provisions are balance sheet items representing funds set aside by a company as assets to pay for anticipated future losses. For banks, a general provision is considered to be
Call Provision Definition
Put Provision Definition A put provision allows a bondholder to resell a bond back to the issuer at par after a specified period but prior to the bond’s maturity date. more
ISO 9001 product and service provision: An easy …
· Knowing your product or service and what is required for it is the first step in assuring successful provision activities for creating and delivering the product or service. Product and service provision is at the very core of customer satisfaction, a key principle of the ISO 9001 quality management system, and therefore it needs to function perfectly to ensure your customer’s needs are …
Provision: Definition, Arten, Steuer
Definition: Was ist eine Provision? Der Begriff Provision stammt vom lateinischen Verb providere und bedeutet soviel wie „vorsorgen“ oder „sorgen für“. Es gibt diesen Begriff auch auf Englisch, wo er die Bedeutung von „Bereitstellung“ hat.
Loan Loss Provision Definition
· Key Takeaways. A loan loss provision is an income statement expense set aside to allow for uncollected loans and loan payments. Banks are required to account for potential loan defaults and
pro·vi·sion. (prə-vĭzh′ən) n. 1. a. The act of providing or supplying something: the provision of health care; the provision of rations. b. The act of making preparations for a possible or future event or situation: The provision for retirement requires planning. 2.
[uncountable, countable] provision for somebody/something preparations that you make for something that might or will happen in the future He had already made provisions for (= planned for the financial future of) his wife and children before the accident.