Meaning of “restructuring provision” in the English Dictionary

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"restructuring provision" in Business English

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restructuring provisionnoun [ C or U ]

uk us

ACCOUNTING, FINANCE an amount shown in a company's accounts relating to the probable cost of organizing the company in a new way:

Pre-tax profits were £189m against £163m a year ago when profits were depressed by a £55m restructuring provision.

(Definition of “restructuring provision” from the Cambridge Business English Dictionary © Cambridge University Press)