ETYM Latin acquisitio, from acquirere: cf. French acquisition. Related to Acquire.
1 > Something acquired.
2 > The act of contracting or assuming or acquiring possession of something.
3 > The cognitive process of acquiring skill or knowledge
4 > An ability that has been acquired by training
1 > The act of appointing another as one's agent or attorney; the authority vested in one so appointed
2 > The action of obtaining something (as supplies); procurement
ETYM Latin provisio: cf. French provision. Related to Provide.
1 > A stipulated condition | SYN: proviso.
2 > The activity of supplying or providing something | SYN: providing, supply, supplying.
Money set aside by a company to pay for tax or dividend payments that it will have to pay in the future.
A company may use its provisions to add to its working capital, effectively borrowing the money it owes rather than increasing its bank borrowings. However, this strategy carries some risk since the company would become insolvent if, when the time came for the tax to be paid, it did not have the liquid assets to pay the tax. A company may also make provisions against the possibility that some of the money owed by debtors may not be paid, thus becoming bad debts.
1 > An amount of something available for use.
2 > Offering goods and services for sale.
The act of getting possession of something | SYN: procurance, procural.
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