Provision for making payments in future
Salary
Transfer payment
Profit
Deferred payment
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The provision is the attribute which describes the future liable funds for the meeting the future needs.
The provision is expressed as the income aside of the account. In case of the enterprise the provision is defined as the set of amount which is implemented for the future obligations of the particular enterprise.
The term used is financial provision fund for representing the future obligations of the country or state or the enterprise in general.
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