 Definition of Provision - Finance dictionary
To find other words in the
dictionary of finance, click on the first letter of the word you are looking
for:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Definitions of terms begining
with the same letter as "Provision"
:
Provision (See Chapter 7 of the Vernimmen)
The term provision covers a wide range of different items: impairment losses; provisions that reflect an increase in the company’s liabilities in the shorter or longer term relating to a charge that has not yet been incurred by the financial year-end, but is likely to arise and is connected with operations carried out during the year; tax-regulated provisions (strictly speaking they are not provisions). Aside from tax-regulated provisions, provisions are set-aside in anticipation of a charge.
|
|
