Assertion: provision | /r/HasProperty | estimate
Facets:
Source sentences:
text: For instance, provision for doubtful debts is an estimate based on the judgment of the management that a certain percentage of the receivables will be delinquent and thereby cause a loss to the business.
text: This provision is usually included in the budget created by a company and can be estimated based on past experience with bad debt amounts as well as industry averages.
text: A provision for income taxes is the estimated amount that a business or individual taxpayer expects to pay in income taxes for the current year.
text: The provision for bad debts is an estimate of the debts owed to us that will go bad in the future.