Meaning of “proviso” in the English Dictionary

business-english dictionary

"proviso" in British English

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provisonoun [ C ]

uk /prəˈvaɪ.zəʊ/ us /prəˈvaɪ.zoʊ/ plural provisos

(Definition of “proviso” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"proviso" in Business English

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provisonoun [ C ]

uk /prəˈvaɪzəʊ/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)