restructuring provision Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “restructuring provision” in the English Dictionary

"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 ​accountsrelating 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 ​restructuringprovision.
(Definition of restructuring provision from the Cambridge Business English Dictionary © Cambridge University Press)
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