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
U.S. Congress drops WWII forced labor provision
WASHINGTON, Nov. 29 Kyodo (EDS: ADDING BACKGROUND) Congress has dropped a provision in a spending bill that would encourage former U.S. prisoners of war POWs to sue Japanese companies for World War II forced labor, congressional staff said Thursday. Congress agreed to remove the...
Tags: Benefits, Government, Japan, U.S. Congress
Research articles 2001-12-03
Judge doubts Microsoft provision
WASHINGTON -- The trial judge in the Microsoft Corp. antitrust case acknowledged Friday one important provision in the settlement she approved isn't working as well as expected, but she defended the agreement as otherwise effective. U.S. District Judge Colleen Kollar- Kotelly said during a brief court hearing that the provision...
Tags: antitrust, lawyer, Litigation, Microsoft Corp., SECURITY, settlement, U.S. Department of Justice
Research articles 2004-01-24
Baseball might invoke clause for steroid testing
Major League Baseball is considering the possibility of invoking a provision in the collective bargaining agreement that allows drug testing players suspected of using steroids, but MLB's chief labor lawyer played down the immediacy of such action Wednesday. "There is a reasonable cause provision in the agreement and because...
Tags: MLB, subpoena
Research articles 2004-03-04
Senate still quiet on gun transportation law Anti-crime package passes but without controversial provision.(News)
SPRINGFIELD - The Senate passed a sweeping anti-crime package Wednesday but left out a controversial provision that would make illegally transporting a firearm a felony. Gov. George Ryan has no intention of approving the package without the gun provision, said spokesman Dave Urbanek. And...
Tags: Transportation, U.S. Senate
Research articles 2000-02-24
ROSA: provision of private advice - Tax Office update.
Byline: Terry Hayes Jan 16, 2006 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Taxation Office ATO has indicated it is in the process of preparing a practice...
Tags: Australian Taxation Office, FINANCE, Taxes
Research articles 2006-01-16
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
Orchestrating a continuation provision in a partnership agreement for estate tax purposes
Individuals who conduct business through a partnership should be aware that the death or retirement of one of the general partners could cause the partnership to terminate unless either the partnership agreement or local law expressly provides for its continuation in such an event. Under the Uniform Partnership Act, which...
Tags: agreement, Estate, estate, FINANCE, IRC, partnership, Sec, valuation
Research articles 1992-12-01
Can you afford the consequences of inaction?
ELA is revitalizing its grassroots advocacy program. Earlier this year, numerous lease finance transactions came to a grinding halt because of a poorly drafted provision in the Senate version of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (S.1054). However, as a result of ELA's lobbying...
Tags: industry, Strategy, U.S. Congress
Research articles 2003-09-01
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
Wireless network planning specialist ProVision Communications announces support for the WiMAX Forum.
M2 PRESSWIRE-17 March 2008-ProVision Communications: Wireless network planning specialist ProVision Communications announces support for the WiMAX ForumC1994-2008 M2 COMMUNICATIONS LTD RDATE:17032008 ProVision Communications today announced its support for single-standard WiMAX technology by becoming a member of the WiMAX ...
Tags: network, Wi-Fi, WiMAX, WIRELESS
Research articles 2008-03-17
Congress kills tax provision
WASHINGTON AP -- Congress voted unanimously Monday to kill a provision making it easier for lawmakers and aides to peruse people's income tax returns in a vote Republicans hoped would end a political tempest. The House, back for a pre-holiday session this week, voted to withdraw the provision...
Tags: FINANCE, Taxes, U.S. Congress
Research articles 2004-12-07
Education Reform Bill Passed by Senate.(Brief Article)
Last month, the U.S. Senate passed landmark education reform legislation that included annual testing in reading and math, two new reading and literacy programs, and a provision to fully fund the Individuals with Disabilities Education Act IDEA. The IDEA provision would mandate that an additional $2.5...
Tags: U.S. Senate
Research articles 2001-07-24
SENATOR OFFERS COMPROMISE ON MTBE FOR ENERGY BILL PASSAGE
-Details Are VagueSenate Appropriations CommitteeChairman Ted Stevens (R-Alaska) isn't ready to give up on passing an energy bill this year and is trying to broker a deal on one of the few obstacles to the bill's passage-MTBE.The latest version of the energy bill, which includes a provision banning MTBE and...
Tags: FINANCE, Taxes, U.S. Senate
Research articles 2004-07-19
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
News: Employers deemed best source for pension provision information.
Almost half of UK employees believe their employers are best placed to provide them with information on pension provision, according to research from Aon Consulting. The study found that the next most trusted source of information on pension provision are independent financial advisers IFAs,...
Tags: Aon Consulting, FINANCE, Government, Investment, U.K.
Research articles 2004-10-11
Provision Entertainment Receives Financing
CHATSWORTH, Calif.--BUSINESS WIRE--July 1, 1999-- Provision Entertainment Inc. announced today that Goleta National Bank would be providing working capital financing for the company. "Goleta National Bank focused on our specific requirements and structured a customized package which will provide the capital we need for our operations," said Curt...
Tags: Business Wire, California, entertainment, FINANCE, financing, Investment
Research articles 1999-07-02
Congressman Istook inserts funding provision for Oklahoma City
A provision is in the U.S. Transportation and Treasury Appropriations bill to help the Oklahoma City National Memorial with its recent financial woes, U.S. Rep. Ernest Istook, R-Okla., said on Friday. The provision Istook included in his bill transfers ownership of the memorial from the U.S. government to...
Tags: Government, Leadership, National Park Service, Regulations, SECURITY
Research articles 2003-11-17
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
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