provision
B1CEFR level
45/100Rarity: uncommon
TechnicalRegister
Law noun
A particular clause or requirement in a statute or contract.
A transitional provision protected agreements made before the change.
Business noun
An amount set aside in the accounts for a probable future liability or loss.
The bank raised its loan-loss provision sharply as defaults crept up across the mortgage book.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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