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English definition of “proviso”

proviso

noun [C]     /prəˈvaɪzəʊ/
LAW a part of a legal document that states that something must happen or be done: The provisos set out in a lease cover a range of matters which a tenant should understand before signing it.contain/include/carry a proviso Recent legislation includes a proviso that the country's private creditors agree to reduce their claims in order to make the debt burden more sustainable.with/on the proviso that We are currently offering a new investment fund whose return tracks the FTSE 100, with the proviso that it can only fall by 5% a quarter.
something that must be done before something else happens or is agreed: You can buy back or sell the shares at any point - the only proviso is that any loss or money owed is within your account limit.with/on the proviso that The firm will pay only half the fine on the proviso that it does not breach regulations again.
(Definition of proviso noun from the Cambridge Business English Dictionary © Cambridge University Press)
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