provision

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provision

A term which, as used in UK medical practice, corresponds to one or more legal conditions/provisos written into a contract or financial arrangement, when a particular type of expense is anticipated but its actual and final cost is uncertain—e.g., clinical negligence liability.

Provisions are included in contracts to comply with the accounting principle of prudence. An estimate of the likely expense is charged to the income and expenditure account—for the Department, to the Operating Cost Statement—as soon as the issue comes to light, even though a cash payout might not occur for many years, if at all. The expense is matched by a balance-sheet provision entry showing the potential liability to the organisation.
References in periodicals archive ?
Echoing Veritas's purchase of Jareva and Precise, IBM only days ago announced the purchase for an undisclosed price of Think Dynamics, a start-up that has developed policy-based server provisioning software.
The BMC BladeLogic Automation Suite is an integrated management platform that controls the entire lifecycle of the server environment, from server provisioning to application patching and configuration management at datacenters.
Leveraging Opscode's Knife plugin for the VMware vCloud API, businesses of all sizes can rapidly create, bootstrap and manage VMware vCloud instances, from server provisioning and configuration management to continuous application delivery.
The company plans to launch hybrid cloud services within Subversion and TeamForge later in 2012, which may range from elastic server provisioning for build and test, to data analytics services and access to knowledge communities.
Other start-ups in the same area include OpsWare, but that company's software operates at a higher level than VMWare's, and is more related to server provisioning.
In addition to performance comparisons, the benchmark is a great tool for optimizing server provisioning.
The 3PAR deal is just the latest move by Dell to flesh out a stack of enterprise data center technologies, coming shortly after announcements it would buy server provisioning vendor Scalent and storage optimization provider Ocarina Networks.
0 infrastructure, an upgrade of three of its suites - Client Management Suite, Asset Management Suite, and Server Provisioning Suite.
IBM Corp will this week use the US Open tennis tournament to showcase a revamped set of server provisioning middleware tit acquired in May when it bought Think Dynamics.
Ubuntu Server Server provisioning eased through addition of cobbler and mcollective 14 percent reduction in typical power usage through addition of PowerNap 2.