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 ?
It combines all the must-have conferencing and collaboration features employees need, along with the fast, secure cloud provisioning and management required by IT managers.
A solution that has the ability to utilise and integrate with cloud storage services and support our ICT strategy to move student and staff services to cloud provisioning methodologies whenever it is possible and appropriate to do so.
xStream can size, and thus price, customer requirements more efficiently than VM-based allocation methods of cloud provisioning.
This project represents a step in the direction of a future dynamic cloud provisioning model, whereby public and commercial e-Infrastructures are combined to provide a seamless large-scale resource fully compliant with the EC Data Protection and Data Processing Regulations.
Patrick Harding, CTO of Ping Identity, closed out the keynote sessions with "The State of Cloud Identity Security," including a demonstration of the new Simple Cloud Identity Management (SCIM) cloud provisioning standard proposed by Google, Ping Identity, Salesforce.
To develop a model for inter-operation between NREN cloud application markets of participating world regions, based on cloud provisioning and taking advantage of applications developed and run by NRENs across different continents to create a model for a worldwide application market for collaboration tools and services-To seek consensus among participating world regions on the importance of interoperability of real-time applications and work towards the adoption of standards such as those proposed by the Global CEO Forum to promote the creation of a worldwide environment for these applications.
The firm will productize its internal cloud provisioning platform, xStream, into a distributable end "cloud O/S" software product.
Using IBM s cloud provisioning technology Tennis Australia can scale and manage the computing capacity needed for players, officials, media and fans to get updates, view scores, watch videos, check timetables and engage with the tournament securely across digital platforms.
a leading cloud-based systems management company, today announced the immediate availability of new cloud provisioning and management functionality, offering customers a comprehensive cloud management solution that can provision and manage the lifecycle of servers on Amazon EC2, as well as on-premise virtualized environments, and other hosting providers.
The Cloud Xpress is designed with a rack-and-stack form factor and a new software approach that enables it to plug into existing Cloud provisioning systems using open software defined networking application programming interfaces.