PROVISIONS - rezerwy
REKLAMA
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The Word of the Week: REKLAMA REKLAMA |
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PROVISIONS (noun) /prəˈvɪʒənz/ REKLAMA
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Definition: |
In a company's accounts (= financial records), an amount of money that is kept in case of a possible future loss. |
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Example: |
The insurance company made a provision against claims over alleged pension fraud. |
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Polish Translation: |
rezerwy |
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Did you know? |
Under the International Financial Reporting Standards (IFRS) a provision is a liability. |
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Check your memory: |
Money or property that you use to start a business or invest to earn more money is called __________. |
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