provision
Definitions
General English
Accounting
- noun an amount of money put aside in accounts for anticipated expenditure where the timing or amount of expenditure is uncertain, often for doubtful debts
Aviation
- noun a legal statement which provides for something such as particular circumstances
Economics
- In the context of international economics, a provision is likely to mean a portion of an agreement, such as the investment provisions of NAFTA or the balance of payments provisions of the GATT. In that context, it is less precise than article.
Law
- noun money put aside in accounts in case it is needed in the future
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