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 ?
Solitary nest-provisioning Hymenoptera may be subdivided into 2 broad categories based on the relative timing of provisioning and offspring developmental events: progressive provisioners, those in which the female provisioning period overlaps with the larval development period, and mass provisioners, in which females complete provisioning and seal off each nest cell before the egg hatches (Evans & O Neill 2007).
Like Meli, Tognetti begins by describing the career of these Pisan homines novi who began as wine merchants, expanded their activities to the wool trade, and ultimately functioned as the major provisioners for the Appiani court at Piombino.
The unsuccessful provisioners were turned away so they decided to walk to a Cherokee village in Mexico, a mere 160 miles distant.
In these capacities, they acted as independent provisioners to the fur trade.
The retraction of the latter rested on privatizations of previously publicly owned service provisioners.
The three service providers were an unnamed northwest telecomms provider, convention communications provider Convention Communication Provisioners Inc and Utah-based company Ready WiFi.
The canals, roads, and railroads required workers for construction and maintenance and spawned service industries to facilitate them (provisioners, hotels, repairs, stables, etc.) Moreover, this was a time of general population restlessness, as immigrants and workers, alone and with their families, continuously moved about in search of work, land, and opportunity.
Meat Provisioners Mobile-Home Dealers Money Orders Motorcycle Dealers Pawn Shops Petroleum Products Precious Stones and Metals Public Golf Courses Religious-Goods Stores Riding-Apparel Stores Shoe Stores Snowmobile Dealers Swimming Pools Tax Payments Utilities: Electricity, Gas, Water Video-Game Arcades Women's Ready-to-Wear Stores Wig and Toupee Shops
Prior to TNT, a lack of concern about what individual transport would cost meant that the provisioners had frequent and direct contact with the suppliers.
The 'Metra de monachis carnalibus' are even more directly a vehicle for scriptural pastiche, consisting of eleven hexameters followed in each case by a mischievously misappropriated quotation from the Bible; while the brief and laconic poem on the hospitality of monks is not only frankly comic in its brisk mixture of direct speech and description ('Aue capitale, signum manuale, patens hospitale'), but it also adopts an unashamedly worldly perspective, in its complaints about the monks' bad bread and wine, unsalted oil, dirty table-cloths, and 'rustic' provisioners. None of these three poems makes any claim to the moral high ground; and the first two at least can be found in a variety of scribal contexts, including monastic ones.
It consists of three sets of paired chapters about, respectively, women spies and resistance operatives, women of the armies (defined to include soldiers' female relations and friends, laundresses, cooks, provisioners, official and unofficial nurses and camp followers or sex workers) and, finally, women soldiers.
Monika will honor her ancestors, provisioners to Malla kings, in being a merchant, but she will not work at her husband's side.