• Provision

    Pronunciation

    • UK IPA: /pɹəˈvɪʒ.É™n/

    Origin

    From Old French provision, from Latin prōvīsiō ("preparation, foresight"), from prōvidēre ("provide").

    Full definition of provision

    Noun

    provision

    (plural provisions)
    1. 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.
    2. The act of providing, or making previous preparation.
    3. Money set aside for a future event.
    4. (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.
    5. (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.
    6. (Roman Catholic) Regular induction into a benefice, comprehending nomination, collation, and installation.
    7. (UK, historical) A nomination by the pope to a benefice before it became vacant, depriving the patron of his right of presentation.

    Verb

    1. To supply with provisions.
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