Definition of “provision” - English Dictionary

“provision” in British English

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provisionnoun

uk /prəˈvɪʒ.ən/ us /prəˈvɪʒ.ən/

provision noun (SUPPLY)

C1 [ C or U ] the act of providing something:

The provision of good public transport will be essential for developing the area.
Of course there's provision in the plan for population increase.
When designing buildings in this area, you have to make provision against earthquakes.
provisions [ plural ]

supplies of food and other necessary things:

provisions for the journey

More examples

provision noun (FINANCE)

in a company's accounts (= financial records), an amount of money that is kept in case of a possible future loss:

The insurance company made a provision against claims over alleged pension fraud.
make provision for sth

to make arrangements to deal with something, often financial arrangements:

He hasn't made any provision for his retirement yet.

provisionverb [ T ]

uk /prəˈvɪʒ.ən/ us /prəˈvɪʒ.ən/ formal

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

“provision” in American English

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provisionnoun

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 designing buildings in California, you have to make some provision for earthquakes.
[ C ] Ample provisions for aircraft stability have been made.

[ C/U ] Provisions are also supplies of food and other necessary items:

[ 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:

(Definition of “provision” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“provision” in Business English

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provisionnoun

uk /prəˈvɪʒən/ us

[ 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 insurance company made a provision against claims over alleged pension fraud.
a provision for sth The finance director revealed a $47m provision for finding and compensating victims of bad pensions advice.

[ C or U ] LAW a part of a legal document 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 mobility clause.
include/contain a provision Many contracts currently include a provision prohibiting supervisors from doing work done by union workers.
anti-fraud/registration provisions
statutory/legal provisions

[ U ] the act of selling goods or services or making them available to be used:

The Group remains fully committed to the provision of mortgage finance to individuals.
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 long term, they must make provisions for coping with a diverse international marketplace.

provisionverb [ I or T ]

uk /prəˈvɪʒən/ us

ACCOUNTING, FINANCE to keep an amount of money available 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)