provision Meaning in the Cambridge English Dictionary
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Meaning of “provision” in the English Dictionary

"provision" in British English

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uk   us   /prəˈvɪʒ.ən/

provision noun (SUPPLY)

C1 [C or U] the ​act of ​providing something: The provision of good ​publictransport will be ​essential for ​developing the ​area. Of ​course there's provision in the ​plan forpopulationincrease. When ​designingbuildings in this ​area, you have to make provision againstearthquakes.provisions [plural] supplies of ​food and other ​necessary things: provisions for the ​journey
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provision noun (LAW)

[C] a ​statement within an ​agreement or a ​law that a ​particular thing must ​happen or be done, ​especially before another can ​happen or be done: We have ​insertedcertain provisions into the ​treaty to ​safeguardforeignworkers. [+ that] She ​accepted the ​job with the provision that she would be ​paidexpenses for ​relocating.

provision noun (FINANCE)

in a company's accounts (= ​financialrecords), an ​amount of ​money that is ​kept in ​case of a ​possiblefutureloss: The ​insurancecompany made a provision againstclaims over ​allegedpensionfraud.make provision for sth to make ​arrangements to ​deal with something, often ​financialarrangements: He hasn't made any provision for his ​retirementyet.

provisionverb [T]

uk   us   /prəˈvɪʒ.ən/ formal
to ​supply someone or something with ​food and other ​necessary things
(Definition of provision from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"provision" in American English

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 us   /prəˈvɪʒ·ən/

provision noun (SOMETHING NEEDED)

[C/U] something that is ​needed or ​wanted, or the ​act of ​considering the need for something and ​arranging for it: [U] When ​designingbuildings in California, you have to make some provision for ​earthquakes. [C] Ample provisions for ​aircraftstability have been made. [C/U] Provisions are also ​supplies of ​food and other ​necessaryitems: [pl] Provisions had to be ​flown in by ​helicopter.

provision noun (AGREEMENT)

[C] a ​statement in an ​agreement or a ​law that a ​particular thing must ​happen or be done: Her ​contractcontains a provision ​coveringadditionalexpenses.
(Definition of provision from the Cambridge Academic Content Dictionary © Cambridge University Press)

"provision" in Business English

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uk   us   /prəˈvɪʒən/
[C or U] ACCOUNTING, FINANCE in a company's ​accounts, an ​amount of ​money that is ​kept in ​case of a possible future ​loss or ​debt: The ​insurancecompany made a provision againstclaims over ​allegedpensionfraud.a provision for sth The ​financedirector revealed a $47m provision for ​finding and ​compensating victims of ​badpensionsadvice.
[C or U] LAW a ​part of a ​legaldocument that ​states that something must ​happen or be done: Employees may be ​asked to go to a new and different ​place of ​work under the provisions of a ​mobilityclause.include/contain a provision Many ​contractscurrentlyinclude a provision ​prohibitingsupervisors from doing ​work done by ​unionworkers. anti-fraud/​registration provisions statutory/​legal provisions
[U] the ​act of ​sellinggoods or ​services or making them ​available to be used: The Group remains fully ​committed to the provision of ​mortgagefinance to ​individuals. service/​pension/​retirement provision
make provision(s) (for sth) to make ​plans for ​dealing with something that will or may ​happen in the future: If ​companies are to ​succeed in the ​longterm, they must make provisions for coping with a diverse ​internationalmarketplace.

provisionverb [I or T]

uk   us   /prəˈvɪʒən/
ACCOUNTING, FINANCE to ​keep an ​amount of ​moneyavailable to be used in ​case of a possible future ​loss or ​debt: The ​company has revealed that it has provisioned £235m for asbestos-related ​claims.
(Definition of provision from the Cambridge Business English Dictionary © Cambridge University Press)
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“provision” in Business English

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