provision
noun

an amount of money put aside in accounts for anticipated expenditure where the timing or amount of expenditure is uncertain, often for doubtful debts

Example

The bank has made a £2m provision for bad debts or a $5bn provision against Third World loans.

"...landlords can create short lets of dwellings which will be free from the normal security of tenure provisions" [Times]

Browse by Subjects
Goods and Services Tax
minimum price contract
Corporate and Criminal Fraud Accountability Act
retain
allowance for bad debt
See All Related Terms »

Producer Price Index (PPI)
medium term bond
price ceiling
taxable base
backer