Provision
Pronunciation
- UK IPA: /pɹəˈvɪʒ.ən/
Origin
From Old French provision, from Latin prÅvÄ«siÅ ("preparation, foresight"), from prÅvidÄ“re ("provide").
Full definition of provision
Noun
provision
(plural provisions)- An item of goods or supplies, especially food, obtained for future use.
- Francis Baconmaking provision for the relief of strangers
- MiltonAnd of provisions laid in large,
For man and beast. - The act of providing, or making previous preparation.
- Money set aside for a future event.
- (accounting) A liability or contra account to recognise likely future adverse events associated with current transactions.We increased our provision for bad debts on credit sales going into the recession.
- (legal) A clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso.An arrest shall be made in accordance with the provisions of this Act.
- (Roman Catholic) Regular induction into a benefice, comprehending nomination, collation, and installation.
- (UK, historical) A nomination by the pope to a benefice before it became vacant, depriving the patron of his right of presentation.
Verb
- To supply with provisions.