This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
Provisions Used for Measuring Additional or Option Space
State:
Multi-State
Control #:
US-OL705
Format:
Word;
PDF
Instant download
Description
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FAQ
Examples of provisions include accruals, asset impairments, bad debts, depreciation, doubtful debts, guarantees (product warranties), income taxes, inventory obsolescence, pension, restructuring liabilities and sales allowances. Often provision amounts need to be estimated.
What are Provisions? Provisions represent funds put aside by a company to cover anticipated losses in the future. In other words, provision is a liability of uncertain timing and amount. Provisions are listed on a company's balance sheet.
Royal officials must pay for the corn and provisions which they take on behalf of the king. The princess too had prepared provisions for Pierre's journey. There are a number of unusual provisions in the constitution of Nevada. These provisions were later strengthened by Clement VII.
1a : the act or process of providing. b : the fact or state of being prepared beforehand. c : a measure taken beforehand to deal with a need or contingency : preparation made provision for replacements. 2 : a stock of needed materials or supplies especially : a stock of food usually used in plural.
Provision is defined as a supply of something or to the act of providing a supply of something. An example of provision is food you take with you on a hike. An example of provision is when legal aid provides legal advice.A bank must provision against losses from bad loans.
Restructuring Liabilities. Provisions for bad debts. Guarantees. Depreciation. Accruals. Pension.
Provision sentence example. Notwithstanding the offices he had filled he died poor, and provision had to be made for his daughter out of the funds of the state.
The providing or supplying of something, especially of food or other necessities. arrangement or preparation beforehand, as for the doing of something, the meeting of needs, the supplying of means, etc. something provided; a measure or other means for meeting a need. a supply or stock of something provided.
