provisionpro‧vi‧sion1 /prəˈvɪʒən/ ●●○ noun1[countable usually singular, uncountable]PROVIDE when you provide something that someone needs now or in the futureprovision ofthe provision of childcare facilitiesprovision forprovision for people with disabilitiesHe made provisions for his wife and his children in his will.2 →provisions3[countable]SCL a condition in an agreement or lawThe agreement includes a provision for each side to check the other side’s weapons.under the provisions of somethingUnder the provisions of the Act, employers must supply safety equipment.
provisionprovision2 verb [transitive] formalDFto provide someone or something with a lot of food and supplies, especially for a journey→ See Verb tableFrom Longman Business Dictionaryprovisionpro‧vi‧sion /prəˈvɪʒən/ noun1[uncountable] the act of providing something that someone needsthe provision of childcare facilities at workprovision for people with disabilities2make provision(s) to make plans for future needsmake provision(s) forPeople should be encouraged to make provision for themselves and their families; state support should only provide a safety net for the very poor.3[countable, uncountable]LAW a part of a law, contract, agreement etc that relates to a particular subjectUnder the document, there was provision for the improvement of hospital standards. →call provision →grandfather provision4[countable]ACCOUNTING an amount set aside by a company in its accounts to protect it against something bad that has happened or that might happen in the future. This amount has to be taken away in calculatingprofit for a particular period of timeprovision toThe company made a provision to cover the costs of 4000 job cuts.The bank took (=made) provisions to comply with tougher regulatory standards. →bad debt provision →loan-loss provision →restructuring provision →tax provision