provision

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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 ?
Courion[R] Corporation, the provisioning experts for results-driven operations, today announced that four leading US healthcare organizations have selected the Courion Enterprise Provisioning Suite[TM] to automate critical aspects of their identity management strategies.
OTCBB:DVNTF), a leading provider of mobile authentication security and access solutions, today introduced the Diversinet Provisioning Server for RSA SecurID([R]), a fast, easy and secure way for enterprises to deploy cost-effective RSA SecurID two-factor software authenticators.
RoleCourier is the only role lifecycle management solution on the market that is directly integrated with an automated provisioning solution to handle role and access provisioning as well as remediation.
Intelliden, a leading provider of Intelligent Networking solutions that enable organizations to control, manage and scale their networks, today announced the launch of a new solution for the provisioning of next generation services such as IPTV, video-on-demand (VoD), online gaming and VOIP.
The acquisition of Ardence and its real-time provisioning technology will give enterprises more options in how they deliver applications and apply enterprise resources in the most efficient way possible.
Courion Corporation, the provisioning specialist, today announced it has been included on IT Week's 2006 list of Top 50 Technology Innovators.
0, the latest version of Open Country's comprehensive provisioning solution.
Courion[R] Corporation, the provisioning specialist, today announced that it has been named a finalist for Best Identity Management Solution in SC Magazine's US Awards.
ActiveRoles Exchange Resource Forest Manager - Provides synchronized provisioning and a single console for management of user and mailbox attributes even when mailbox and user accounts are in separate forests.
Courion[R] Corporation, the provisioning specialist, today announced that the Trusted Healthcare Information Solutions Alliance (THISA) has joined its new value added reseller (VAR) program (see companion press release).
Courion[R] Corporation, the provisioning specialist, today announced a new value added reseller (VAR) program designed to deliver Rapid Business Impact to the mid-market.