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.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
References in periodicals archive ?
* Automated provisioning to meet the business unit's scaled-up or scaled-down needs
The UBS combines patent-pending line powering technology, automated provisioning, and an environmentally hardened architecture to enable deployment of standard ADSL services to areas well beyond the 10,000-12,000 foot reach of existing DSL services, even to customers on "loaded" long-loop copper pairs and located behind legacy Digital Loop Carriers (DLCs).
The application also includes a self-service catalog of app services for automated provisioning, configurations, and upgrades, as well as per-app visibility, analytics, and auto-scale capabilities.
Completing the implementation of Web Active Directory's PeoplePlatform, Nacogdoches Independent School District now has an automated provisioning and management solution for Active Directory and G Suite.
Kerio Cloud combines Kerio's award-winning messaging and collaboration capabilities with an automated provisioning, billing and online tool for partners to manage customer mailboxes and settings on a secure cloud infrastructure.
SDN supports automated provisioning and management of network resources, determined by individual user profiles and application requirements, to ensure an optimal user experience within the enterprise's constraints.
With automated provisioning and management, administrators improve the ability to meet Service Level Agreements (SLAs).
This integration will enable intelligent, automated provisioning of user access to unstructured data, process enforcement to prevent unapproved changes and effective business ownership of access through periodic entitlement reviews.
The global program offers many options, including on-demand automated provisioning and back-office billing integration, sales support, and discounts for Forex brokers.
Known for their ease of use, rich telephony features, automated provisioning capabilities, and advanced security protection, the DSP Group-powered Grandstream HD IP phones are interoperable with most third-party SIP devices and platforms.
Increased Productivity through automated provisioning and activation of voice, video, data and wireless services

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