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
Corporate and Criminal Fraud Accountability Act
minimum price contract
rights of accumulation (ROA)
poison pill
Goods and Services Tax
See All Related Terms »

capital outlay
pivot point
statement
bond anticipation note (BAN)
Black Tuesday