Question: What Means No Provision?

How do you use the word provision?

Kids Definition of provision1 : a stock or store of supplies and especially of food —usually used in pl.

We have provisions to last us a week.2 : the act of supplying the provision of food.3 : condition entry 1 sense 2 the provisions of a contract.4 : something done beforehand Make provision for emergencies..

What is provision example?

Examples of provisions include accruals, asset impairments, bad debts, depreciation, doubtful debts, guarantees (product warranties), income taxes, inventory obsolescence, pension, restructuring liabilities and sales allowances. Often provision amounts need to be estimated. … Why Are Provisions Created?

Which is a part of service provision?

Service provision refers to the activities performed to provide services to service consumer, by a service provider organization. This includes; management of all the services provider’s resources, which are configured to deliver the service. That is, hardware, software, supplier’s services etc.

What are provisions in health and social care?

Every service that exists within health and social care belongs to one of four types of provision ie. Statutory, voluntary (third sector), private or informal. Learners will investigate the availability of health and social care services in their local area and identify which services belong to which type of provision.

What is divine provision?

Divine provision is provision for life. God’s purpose is that we should live life – His life – in all its fullness and abundance. The material and financial things of this world are simply the means to this end. They’re a tool to empower us, one small part of His divine provision.

What is the provision app?

Provision CAM App For Android & iOS Smartphones Provision Cam2 is a free application for iOS & Android devices. It is compatible with all NVRs, DVRs and static IP Cameras. It offers the users full control over their devices including live view, playback and settings.

What is meant by service provision?

Service provision is a term used to describe a wide range of activities, including the provision of assistive devices, rehabilitation services, occupational therapy and health services.

What is a antonym for provisions?

Antonyms: neglect, misprovision, forgetfulness, thoughtlessness, oversight, destitution, want, dearth, starvation, dole, pittance. Synonyms: preparation, arrangement, produce, supply, anticipation, food, supplies, victuals, edibles, eatables.

What are the types of provisions?

Types of provision in accountingRestructuring Liabilities.Provisions for bad debts.Guarantees.Depreciation.Accruals.Pension.

How provisions are created?

Provisions are created by recording an expense in the income statement and then establishing a corresponding liability in the balance sheet. … If recorded on the balance sheet, general provisions for estimated future liability amounts may be reported only as footnotes on the balance sheet.

How does a provision work?

Definition: A provision is an amount set aside for the probable, but uncertain, economic obligations of an enterprise. A provision is an amount that you put in aside in your accounts to cover a future liability. … When accounting, provisions are recognized on the balance sheet and then expensed on the income statement.

What is the meaning of fundamental provision?

Fundamental Provisions means the representations and warranties set forth in Section 5.1 (Organization and Good Standing), Section 5.2 (Authorization of Agreement), Section 5.4 (Capitalization), Section 5.5 (Subsidiaries), Section 5.19 (Financial Advisors), Section 6.1 (Organization and Good Standing), Section 6.2 ( …

What is a customer service provision?

Customer service is the provision of service to customers before, during, and after a purchase. The perception of success of such interactions is dependent on employees “who can adjust themselves to the personality of the guest”.

What is the meaning of the word provision?

a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. the providing or supplying of something, especially of food or other necessities. arrangement or preparation beforehand, as for the doing of something, the meeting of needs, the supplying of means, etc.

What are the characteristics of a provision?

The characteristics of a provision include that it is a liability(Refer to the definition of a liability, i.e. there exists a present obligation, that has arisen from a past eventthat will result in an outflow of economic benefitin the future) where there is uncertaintyas to either the timing of settlement or the …