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Used in accounting as a charge for an estimated expense or loss.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Service provisioning across the integrated muxponder/ROADM solution is provided by the Coriant Transport Network Management System (TNMS), an end-to-end management platform that enables Internet Harbor to simplify and accelerate point-to-point service activation while reducing operating expenses with automated provisioning capabilities.
It offers a range of advanced features on the multi-WAN CPE, including automated provisioning that reduces the service activation times for services from weeks to minutes, according to ADB.
The company also announced new capabilities for the Suite that enable security operations to automatically manage and track firewall change requests end to end, including: intelligent, proactive risk assessment of proposed changes; automated provisioning of changes; and validation that changes are implemented as intended.
The legacy model is making it "extremely difficult", next to impossible, to provide an automated provisioning process suitable to support IoT and Smart Services enablement.
The focal point of the GEN I 4 exhibition area was the Proof of Concept (PoC) Showcase - six participant groups provided live demonstrations of leading-edge implementations of dynamic cloud-centric Carrier Ethernet services with SDN, NFV, automated provisioning, service orchestration, and other innovations.
Softwaredefined networking is an innovative architectural model that is capable of delivering automated provisioning, network virtualization, and network programmability to datacenter and enter prise networks.
to deliver automated provisioning, network virtualisation, and network programmability
This new version extends Microsoft Azure support with automated provisioning and configuration, enabling customers to take advantage of the dynamic, elastic nature of the cloud.
Cyan's hardware and software solution and Cisco routers seamlessly integrate with NTTCom's backbone and automated provisioning of 10G and 100Gconnections on NTT Com's Software-defined Networking (SDN) platform.
The ECS Appliance allows customers to add hyperscale cloud capabilities to existing private and hybrid cloud environments, delivering ease-of-use through self-service capabilities, fully automated provisioning and data services for next-generation applications, according to David Goulden, chief executive officer of Information Infrastructure at EMC.
"Our requirement was a fully automated provisioning solution that was capable of handling customer orders to activate services in the network," said Irfan Farooq, Chief Information Officer, Mobilink.
Automated provisioning of multi-tier physical and virtual systems using predefined templates

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