Fund vs Provision - What's the difference?
fund | provision | Related terms |
A sum or source of money.
An organization managing such money.
A money-management operation, such as a mutual fund.
A large supply of something to be drawn upon.
* Macaulay
An item of goods or supplies, especially food, obtained for future use.
* Francis Bacon
* Milton
The act of providing, or making previous preparation.
Money set aside for a future event.
(accounting) A liability or contra account to recognise likely future adverse events associated with current transactions.
(legal) A clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso.
(Roman Catholic) Regular induction into a benefice, comprehending nomination, collation, and installation.
(UK, historical) A nomination by the pope to a benefice before it became vacant, depriving the patron of his right of presentation.
Fund is a related term of provision.
As nouns the difference between fund and provision
is that fund is discovery, finding, find (something that is found) while provision is provision.fund
English
(wikipedia fund)Noun
(en noun)- the fund of a bank, commercial house, manufacturing corporation, etc.
- a fund for the maintenance of underprivileged students
- Several major funds were declared insolvent recently.
- He drew on his immense fund of knowledge.
- an inexhaustible fund of stories
Derived terms
(derived terms) * balanced fund * bond fund * closed-end fund * equity fund * feeder fund * fund of funds * growth fund * hedge fund * income fund * index fund * load fund * master fund * mutual fund * open-end fund * no-load fund * pension fund * stock fund * trust fundprovision
English
Noun
(en noun)- making provision for the relief of strangers
- And of provisions laid in large, / For man and beast.
- (Shakespeare)
- We increased our provision for bad debts on credit sales going into the recession.
- An arrest shall be made in accordance with the provisions of this Act.
- (Blackstone)