Home > Terms > English, UK (UE) > provision

provision

A liability of uncertain timing or amount. of the judgements needed in making the estimates required under conditions of uncertainty, such that assets or income are not overstated and liabilities or expenses are not understated.

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: History Category: World history

Ice Ages

The cold phases of the Pleistocene epoch, a period of extreme oscillation in global temperatures with corresponding extensions and contractions of the ...