Yahoo Web Search

Search results

1. Dictionary

   Pro·vi·sion

   /prəˈviZH(ə)n/

   

   noun

   • 1. the action of providing or supplying something for use: "new contracts for the provision of services" Similar supplyingsupplyprovidingpurveyingdeliveryfurnishingequippinggivingdonationallocationdistributionpresentation
   • ▪ financial or other arrangements for future eventualities or requirements: "farmers have been slow to make provision for their retirement" Similar preparationsplansplanningprearrangementarrangementsprecautionsprecautionary steps/measurescontingency
   • ▪ an amount set aside out of profits in the accounts of an organization for a known liability, especially a bad debt or the diminution in value of an asset.
   • 2. an amount or thing supplied or provided: "low levels of social provision" Similar facilitiesservicesamenitiesresource(s)equipmentarrangementssolutionsmeansofferingfundsbenefitsassistanceallowance(s)concession(s)opportunities
   • ▪ supplies of food, drink, or equipment, especially for a journey. Similar suppliesfood and drinkfoodstoresstocksgroceriesfoodstuff(s)rationsiron rationseatablesediblesfaredaily breadstaplesviversinformal:grubbreadeatschownoshscoffchuckarchaic:victualsvittlesviandscommonsmeatrare:sustenanceprovendercomestiblesalimentviaticumcommissariat
   • 3. a condition or requirement in a legal document: "a key provision in civil rights law" Similar termclauserequirementspecificationstipulationprovisoconditionriderqualificationrestrictionreservationcaveatlimitation
   • 4. an appointment to a benefice, especially directly by the Pope rather than by the patron, and originally before it became vacant. historical

   verb

   • 1. supply with food, drink, or equipment, especially for a journey: "civilian contractors were responsible for provisioning these armies"
   • 2. set aside an amount in an organization's accounts for a known liability: "financial institutions have to provision against loan losses"

   Word Origin late Middle English (also in the sense ‘foresight’): via Old French from Latin provisio(n-), from providere ‘foresee, attend to’ (see provide). The verb dates from the early 19th century.

   Derivatives

   • 1. provisioner noun
   • 2. provisionless adjective
   • 3. provisionment noun

   Scrabble Points: 14

   • P

     3

   • R

     1

   • O

     1

   • V

     4

   • I

     1

   • S

     1

   • I

     1

   • O

     1

   • N

     1

   Powered by Oxford Languages

   More Definitions, Word Origin & ScrabbleShow less

2. www.investopedia.com › ask › answersAccrued Expenses vs. Provisions: What's the Difference?

   www.investopedia.com › ask › answers

   • Cached

   Apr 15, 2024 · David Rubin. Accrued Expenses vs. Provisions: An Overview. In accounting, accrued expenses and provisions are separated by their respective degrees of certainty. All accrued expenses have...

3. People also ask

   What is a provision?

   • The Provision refers to making an allowance against any probable future obligation that the company needs to bear. It is highly uncertain, and one cannot judge in advance. However, the company needs to make provisions to cover any such future uncertainty.

   Accrual vs Provision - What're They, Comparative Table, Similarities

   www.wallstreetmojo.com/accrual-vs-provision/

   See all results for this question

   What is the difference between procurement and provision?

   • Procurement vs. Provision — What's the Difference? Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.Procurement generally involves making buying decisions under conditions of scarcity.

   Procurement vs. Provision — What’s the Difference?

   www.askdifference.com/procurement-vs-provision/

   See all results for this question

   What is a provision vs accrual?

   • Provisions are far less certain than accruals. Companies elect to make them for future obligations whose specific amount or date of incurrence is unknown. The provisions basically act like a hedge against possible losses that would impact business operations.

   Accrued Expenses vs. Provisions: What's the difference? - Investopedia

   www.investopedia.com/ask/answers/030215/whats-difference-between-accrued-expenses-and-provisions.asp

   See all results for this question

   What is the difference between provisioning and deprovisioning?

   • This means deprovisioning, the flip side of provisioning, has become increasingly more time-consuming and challenging when processed manually—paving the way for more businesses to embrace automation. While provisioning is an onboarding employee process, deprovisioning is an offboarding one.

   Deprovisioning: Definition & Best Practices (2024) - Forbes

   www.forbes.com/advisor/business/deprovisioning/

   See all results for this question

4. www.askdifference.com › procurement-vs-provisionProcurement vs. Provision — What’s the Difference?

   www.askdifference.com › procurement-vs-provision

   • Cached

   Apr 26, 2024 · By Tayyaba Rehman & Urooj Arif — Updated on April 26, 2024. Procurement involves the process of obtaining goods or services through formal methods like purchasing or tendering, whereas provision refers to the act of supplying or making available what is needed.

5. www.askdifference.com › food-vs-provisionFood vs. Provision — What’s the Difference?

   www.askdifference.com › food-vs-provision

   • Cached

   Apr 6, 2024 · The term "food" is used in everyday language to discuss meals, ingredients, and dietary needs, emphasizing the nutritional and culinary aspects. Provisions, whereas, often carry a connotation of preparedness and supply, emphasizing planning and availability for future needs.

6. Videos

   • 

     1:36

     youtube.com

     Provision | Definition of provision

     Apr 13, 2019

     21.5K Views

   • 

     5:04

     youtube.com

     What is Provisions in Accounting Meaning of Provision in Accounting with example in English

     Dec 22, 2020

     7K Views

   • 

     8:06

     youtube.com

     What is Provision | Introduction to Provision in Accounting | Meaning of Provision in Hindi

     Aug 17, 2017

     162.8K Views

   View all

7. www.wallstreetmojo.com › accrual-vs-provisionAccrual vs Provision - What're They, Comparative Table ...

   www.wallstreetmojo.com › accrual-vs-provision

   • Cached

   4 days ago · Accruals and provisions are two different accounting terms. Accruals refer to incurred expenses but unpaid. Provisions refer to possible expenses from financial liabilities. Accrual and provisions terms are necessary for financial reporting and understanding a company’s financial position.

8. en.wikipedia.org › wiki › ContractContract - Wikipedia

   en.wikipedia.org › wiki › Contract

   • Cached

   3 days ago · A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.

9. www.forbes.com › advisor › businessDeprovisioning: Definition & Best Practices (2024) – Forbes ...

   www.forbes.com › advisor › business

   • Cached

   6 days ago · Deprovisioning is the process of deleting an employee’s access to your company’s systems, apps and internal data resources. While it’s a process that has traditionally been done...

10. www.askdifference.com › liability-vs-provisionLiability vs. Provision — What’s the Difference?

    www.askdifference.com › liability-vs-provision

    • Cached

    Apr 18, 2024 · Liability in accounting refers to a future financial obligation or debt that a company owes, which could involve money, services, or goods. On the other hand, a provision specifically denotes a liability of uncertain timing or amount but is recognized when an obligation is probable and the amount can be estimated reasonably.