provision

(redirected from provisional)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia.

Provision

Used in accounting as a charge for an estimated expense or loss.

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 anticipation of some customers not paying what they owe. In addition, a firm may make a specific provision against, say, a damages claim which is presently not yet settled. Provisions are aimed at trying to ensure that profits are not overstated by making sure that all a firm's costs are charged, even those whose precise amount is not yet certain. See REVALUATION PROVISION, DEFERRED TAX.
References in periodicals archive ?
The design features of the E4D software were then used to create a digital model of the provisional restoration.
A polyvinyl siloxane putty index (Aquasil, Dents ply Germany) relined with light body addition silicone impression material (Reprosil, Dentsply Germany) of an ivorine mandibular 1st molar was made in a plastic container which serve as a matrix for making provisional crowns for the materials to be tested.
Under Ohio law, voters who cast provisional ballots have 10 days after the polls close to prove their eligibility.
Another freshman, Mac Fleet, also hit the NCAA provisional standard in the men's mile with a winning time of 4:03.
Certification examination fee (Full and Provisional Certification): $250
to indicate provisional measures requiring Uruguay to take steps to suspend development of the various mill projects and refrain from taking further unilateral action until the I.
Since then, a provisional licence holder has had to be accompanied by a full licence holder.
At that time, the certified provisional ballots will be counted and their results will be formally incorporated into the vote totals for all races.
Turkey) argues that international commercial arbitration should be the forum to grant provisional measures and that the proper role of courts is limited to assistance to arbitration and seeks to identify and solve currently existing problems and uncertainties that stand in the way of such a legal regime.
There were high scores galore in matches played between weeks 17-20, and it is a close thing at the top of the women's provisional section.
Provisional restorations play a critical role in the successful treatment of the prosthodontic patient.
AGUA DULCE - Incumbent Mary Johnson bested two others to retain her seat on the Agua Dulce Town Council after election officials tallied a handful of provisional ballots over the weekend, the group's president said Monday.

Full browser ?