The noun ' provision ' has its etymological origins in the Latin word 'provisio,' which is derived from 'pro,' meaning 'for' or 'in advance,' and 'videre,' meaning 'to see' or 'to foresee.' This etymology aptly captures the essence of a provision as something made available in advance to fulfill a particular need or requirement. It implies a sense of foresight and preparation, emphasizing the act of seeing ahead and making arrangements to address future necessities. Whether it's a specific ... The meaning of PROVISION is the act or process of providing. How to use provision in a sentence. Learn the meaning and usage of the word provision in different contexts, such as cooking, law, and planning. Find synonyms, translations, and related terms for provision . While studying the balance sheet, students often might have noticed an entry known as provisions, which was listed on the liabilities side of a balance sheet. This article will help you in understanding the concept of a provision in accounting and the need for the creation of such a provision .
