provision

(redirected from self-provisioning)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?
With built-in service modeling, self-provisioning, mediation and service assurance capabilities, Alopa's flagship MetaServ(TM) product enables the service providers to improve the efficiency of their business processes by dramatically cutting down the time and cost to deliver new services, resulting in quicker revenue generation and reduced deployment costs.
It will continue to provide a carrier grade provisioning and roaming service to millions of O2 customers that allows them to better stay in touch with what's happening while abroad and to take control of self-provisioning services when they want them.
At the Summit, Softricity will be showcasing the way it helps Microsoft customers to leverage application virtualization, on-demand streaming and self-provisioning technologies to simplify and reduce the cost of managing their desktop environments.
When they are ready to buy, the system enables instant fulfillment and self-provisioning of add-on products and services, such as ringtones, data plans, games, roadside assistance, and enhanced calling features.
Working with Rodopi gets our services to the market faster and more efficiently, and we can't overstate the value of being able to provide automated self-provisioning services to our customers," said Mohammad Khan, President & COO of VoIP Corporation.