Payable vs Provision - What's the difference?
payable | provision |
(plural) Debts owed by a business; liabilities.
A thing that may be paid.
That which is to be paid.
Able to be paid.
Of a mine etc.: capable of yielding profit; profitable.
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.
As nouns the difference between payable and provision
is that payable is (plural) Debts owed by a business; liabilities while provision is an item of goods or supplies, especially food, obtained for future use.As an adjective payable
is that which is to be paid.As a verb provision is
to supply with provisions.payable
English
Noun
Adjective
(en adjective)- Is value added tax payable on planning application fees?
Derived terms
*payability *payablyprovision
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)