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Information and translations of provision in the most comprehensive dictionary definitions resource on the web. We increased our provision for bad debts on credit sales going into the recession. Synonyms for provisions at Thesaurus.com with free online thesaurus, antonyms, and definitions.
A liability, in turn, is a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the.
As the name suggests, specific provisions are Special Considerations.
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The most common type of provision is a provision for bad debt. A provision can be a liability of uncertain timing or amount. Many translated example sentences containing "current provisions" - Russian-English dictionary and search engine for Russian translations.