Provision

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Revision as of 20:40, 18 June 2016 by imported>Doug Williamson (Add link.)
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1.

Accounting.

A form of liability where there is uncertainty as to the amount and timing of final settlement.

Relevant accounting standards include IAS 37 and Section 21 of FRS 102.


2.

Law.

A significant individual part of a law, for example a Section in an Act of Parliament.


3.

Contract law.

A significant individual part of a contract, for example a clause or a term in a contract.


See also