different between provision vs contingency

English

Etymology

From Middle English provisioun, from Old French provisïon, from Latin pr?v?si? (“preparation, foresight”), from pr?vid?re (“provide”).

Pronunciation

• IPA^(key): /p???v??.?n/
• Hyphenation: pro?vi?sion

Noun

provision (countable and uncountable, plural provisions)

1. An item of goods or supplies, especially food, obtained for future use.
2. The act of providing, or making previous preparation.
3. Money set aside for a future event.
4. (accounting) A liability or contra account to recognise likely future adverse events associated with current transactions.

6. (law) A clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso.

   Synonyms: condition, stipulation

7. (Roman Catholicism) Regular induction into a benefice, comprehending nomination, collation, and installation.
8. (Britain, historical) A nomination by the pope to a benefice before it became vacant, depriving the patron of his right of presentation.

Translations

Verb

provision (third-person singular simple present provisions, present participle provisioning, simple past and past participle provisioned)

1. (transitive) To supply with provisions.

   to provision an army

2. (transitive, computing) To supply (a user) with an account, resources, etc. so that they can use a system.

Synonyms

• supply
• victual

Related terms

• deprovision
• direct provision
• ground provisions
• provisional
• provisionings
• provide

Translations

Finnish

Noun

provision

1. Genitive singular form of provisio.

French

Etymology

From Latin pr?v?si? (“preparation, foresight”), from pr?vid?re (“provide”).

Pronunciation

• IPA^(key): /p??.vi.zj??/

Noun

provision f (plural provisions)

1. provision

Derived terms

• approvisionner

Further reading

• “provision” in Trésor de la langue française informatisé (The Digitized Treasury of the French Language).

Anagrams

• poivrions

Louisiana Creole French

Etymology

From French provision (“provision”).

Noun

provision

1. provision

Middle English

Noun

provision

1. Alternative form of provisioun

English

Etymology

contingent +? -cy (16th century).

Pronunciation

• IPA^(key): /k?n?t?nd??nsi/

Noun

contingency (countable and uncountable, plural contingencies)

1. (uncountable) The quality of being contingent, of happening by chance; unpredictability. [1560s]
2. (countable) A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses. [1610s]
3. (finance, countable) An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification.
4. (logic, countable) A statement which is neither a tautology nor a contradiction.

Synonyms

• (quality of happening by chance): possibility
• See also Thesaurus:option

Antonyms

• (quality of happening by chance): inevitability, impossibility

Coordinate terms

• (statement which is neither a tautology nor a contradiction): contradiction, tautology

Derived terms

• contingency plan

Translations