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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