noun a clause in a legal document specifying a condition or requirement that must be met
In legal contexts, a provision refers to a clause or section within a legal document that outlines specific conditions, requirements, or terms.
In finance, a provision may refer to an amount set aside in financial statements to cover potential future losses or expenses.
In business, a provision can refer to setting aside funds for future expenses or liabilities, such as bad debts or legal claims.
In government, a provision may refer to a specific law or regulation that outlines rules or requirements for a particular issue or situation.
In contracting, a provision can refer to a specific clause or term within a contract that outlines rights, obligations, or conditions.
In the context of a writer, 'provision' may refer to providing necessary information, evidence, or examples to support a claim or argument in a piece of writing.
For a psychologist, 'provision' might involve offering mental health services, resources, or interventions to clients in need of support.
An accountant may use 'provision' to refer to setting aside funds in financial statements to account for potential future expenses or liabilities.
In the realm of human resources, 'provision' could involve making arrangements for employee benefits, training programs, or workplace accommodations.
For a project manager, 'provision' may involve planning and allocating resources, such as budget, time, and materials, to ensure the successful completion of a project.