Naologic vs ProVisions

Provision is defined as a supply of something or to the act of providing a supply of something. An example of provision is food you take with you on a trip. An example of provision is when legal aid offers legal counsel. A particular requirement in a law, rule, agreement, or document.

(Entry 1 of 2) 1a : the act or process of providing. b : the fact or state of being prepared previously. c : a step taken beforehand to deal with a requirement or contingency : preparedness made provision for replacements.

provision noun (LAW) a statement inside an agreement or a law that a specific thing must happen or be done, especially before another can happen or be done: We have included certain provisions into the treaty to safeguard foreign workers.

supplying, supply, providing, purveying, delivery, furnishing, equipping, giving, donation, allocation, distribution, presentation.

provision noun (LAW) a statement inside an agreement or a law that a specific thing must happen or be done, especially before another can happen or be done: We have included certain provisions into the treaty to safeguard foreign workers.

the providing or supplying of something, especially of food or other essentials. arrangement or preparation ahead, as for the performing of something, the meeting of needs, the supplying of means, etc. something provided; a measure or other method for meeting a need.

A provision is the amount of an expense that an entity elects to recognize now, before it has specific information about the exact amount of the expense. For example, an entity routinely records provisions for bad debts, sales allowances, and inventory obsolescence.