Provision: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Provision

  • a sum set aside in the accounts of an organization in anticipation of a future expense, often for doubtful debts.
  • See also Bad Debt

Wiktionary Definition for: Provision

  • An item of goods or supplies obtained for future use.
  • ''(financial):'' Money set aside for a future event.
  • To supply with provisions.
  • '''provision'''

Additional Resources

Provision Interactive to Present at the Ninth Annual Intel Capital CEO Summit
Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that the company's President and Chief Executive Officer, Curt Thornton, has accepted an invitation to take part in the ninth annual Intel Capital CEO Summit. The conference will take place at the Fairmont Hotel in...
Tags: Intel Corp., Summit
Research articles 2008-06-02
United Community Financial Corp. Reports Fourth Quarter Increase in Loan Loss Provision
YOUNGSTOWN, Ohio -- United Community Financial Corp. Company (Nasdaq:UCFC), holding company of The Home Savings and Loan Company Home Savings and Butler Wick Corp., announced today that it will take a provision for loan losses in the fourth quarter of 2007 of approximately $13.3 million. The provision for the 2007...
Research articles 2008-01-23
Bell rings for local-toll brawl; Phone firms, state unclear on interpretation of provision.(telecommunication regulation, Michigan)(Brief Article)
LANSING - There could be fallout over a provision in Michigan's new telecommunications law that expands local calling areas. State regulators have moved swiftly to gather interpretations of the provision, preparing for possible action after Gov. J LANSING - There could be fallout...
Tags: Ameritech, phone, PSC Inc., telecommunications
Research articles 2000-07-17
Stretching Your IRA
When looking into retirement investing options, one may have come across the term 'Stretch IRA'. This is actually not a category of IRA, such as a Traditional, Roth, SEP or SIMPLE IRA; instead, it is more like a financial-planning or wealth-management concept that acts as a provision of the IRAs...
Tags: Financial Accounting, Finance, Financial Services, Investopedia, Provision
White papers 2004-07-07
ACLU wants I-94 repair provision vetoed
The American Civil Liberties Union of Wisconsin wants Gov. Scott McCallum to veto a budget-repair bill provision that adds lanes to Interstate 94.
Tags: American Civil Liberties Union
Research articles 2002-07-08
SENATE ABANDONS PROPOSAL TO IMPOSE ONE-YEAR MORATORIUM ON NAFTA AGRICULTURE TARIFF-ELIMINATION PROVISION.
In mid-December, the Mexican Senate abandoned a proposal to suspend a provision of the North American Free Trade Agreement NAFTA that was scheduled to go into effect on Jan. 1, 2003. The provision requires Mexico to eliminate tariffs an all agricu In mid-December, the Mexican...
Tags: NAFTA, U.S. Senate
Research articles 2002-12-18
Energy bill, budget cuts collide: while congress debates a major energy bill, it is simultaneously moving to cut funding for energy programs.(Washington Report)(Brief Article)
Look for another contentious conference over energy legislation in Congress this fall. Rather than slug it out provision by provision on the Senate floor, the Senate has passed the same bill it approved last year. Look for another contentious conference over energy legislation...
Tags: U.S. Senate
Research articles 2003-09-01
Provision Interactive Launches Revolutionary "Air-Touch" System With Partner Diageo
Provision Interactive Technologies, a subsidiary of Provision Holding (OTCBB: PVHO), announced today the successful launch of its new interactive 3D holographic display, developed as a prototype with partner Diageo one of the world's largest spirits companies. The new model actually allows consumers to "touch" the floating holographic images to...
Tags: Diageo Plc.
Research articles 2008-04-11
SIA blasts funding bill on packaging provision - Semiconductor Industry Association committee objects to House Defense Appropriations Bill provision
SAN JOSE, CALIF. -- The Semiconductor Industry Association's Government Procurement Committee (SIA/GPC) last week told the U.S. Congress and Department of Defense it has strong objections to a provision in a pending House Defense Appropriations Bill which would require procurement of ceramic micro-circuit package components from domestic sources only.
Tags: Semiconductor Industry Association
Research articles 1994-08-29
Problem Patents: Is Reexamination Truly A Viable Alternative To Litigation?
This article discusses the current condition of the reexamination system for a third party requester. It focuses on the recent provision for optional inter parts reexamination, its problems and deficiencies, and whether this provision is truly a viable alternative to litigation as envisioned by Congress. It also discuss pending amendments...
Tags: Provision, Patent, Litigation, Business Operations
White papers 2002-04-01
OSHA publishes rule on pipeline whistle blowers.(washington watch)
While the high-visibility provision in the Pipeline Safety Improvement Act of 2002 dealt with the terms of a pipeline integrity program, that law had other provisions as well. That is the case with the whistle blower provision of the bill. OSHA publi While the high-visibility provision...
Tags: OSHA
Research articles 2004-06-01
RIM to take further $8M provision due to patent battle.(News)
Research In Motion Ltd. said it will take an additional provision of up to $8 million due to its patent battle with NTP Inc., bringing its provision cost to about $40 million. RBC Capital Markets downgraded the company following the news. ...
Tags: patent, Research In Motion Ltd.
Research articles 2003-03-10
House committee approves royalty sharing increase
The House Resources Committee has included a provision in its budget reconciliation bill to allow Louisiana to begin sharing in royalties generated by oil and gas drilling off the state's shores. The provision would increase the state's percentage of drilling revenues to 40 percent of royalties by 2029. Louisiana presently...
Tags: House Committee, U.S. Senate
Research articles 2005-10-26
Cerner Receives FDA Clearance, CE Mark Certificate for ProVision Workstation
KANSAS CITY, Mo. -- Cerner Corp. (NASDAQ: CERN) announced today that its ProVision[TM] Workstation software solution has received U.S. Food and Drug Administration FDA 510k pre-market clearance and a CE Mark Certificate from Cerner's notified body, BSI Management Systems. Cerner will immediately make this solution available to clients worldwide. The...
Tags: Cerner Corp., FDA, Microsoft Windows CE, workstation
Research articles 2007-10-08
SIFCO Industries, Inc. Announces Restatement of Fiscal 2007 Third Quarter Income Tax Provision
CLEVELAND -- SIFCO Industries, Inc. (AMEX:SIF) announced today that it has restated its income tax provision for its fiscal 2007 third quarter, which ended June 30, 2007. Subsequent to the issuance of the Company's unaudited consolidated condensed financial statements for the nine months ended June 30, 2007, the Company reevaluated...
Tags: Company, income, income tax, tax
Research articles 2007-12-10
Comcast Plants Its Future in Bedrock (Multichannel News)
New System Can Provision Wide Range of Services New System Can Provision Wide Range of Services
Tags: Comcast Corp.
Research articles 2005-10-03
Adaptec Notes a Reduction in Its First Quarter 2007 Tax Provision
Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, today reported a change in the tax provision for its first quarter of fiscal 2007 financial results which it reported on August 1, 2006.
Research articles 2006-08-08
H&R Block Expects to Report Provision for Losses Related to Increase in Loan Repurchases
KANSAS CITY, Mo. -- H&R Block Inc. (NYSE: HRB) today announced that it expects to record a provision for losses of $102.1 million (after-tax amount of $61.3 million or 19 cents per share) reflecting an increase to the estimated recourse liability recorded by Option One Mortgage Corporation for loan repurchases...
Tags: H&R Block Inc.
Research articles 2006-08-24
Lean provision is Tesco's secret weapon in Wal-Mart battle.(supplyscan)
The key behind the success of Tesco's loyalty card program is its lean provision system that efficiently delivers exactly what customers really want, exactly when they want it, and exactly where they want it, according to the author of a book on th The...
Tags: Tesco, Wal-Mart Stores Inc.
Research articles 2006-06-15
Thailand's NTC gives a green signal to WiMAX testing
National Telecommunications Commission NTC in Thailand has allowed the telecom companies to test Internet access provision via WiMAX. The testing provision is a step towards the formation of WiMAX licensing rules and regulations that are likely to be inNational Telecommunications Commission NTC in Thailand has allowed the telecom companies to...
Tags: WiMAX
Research articles 2005-10-01
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