Mastery card
I can explain Provision
Money set aside now for a probable future cost or loss.
A provision is a liability recorded when a future obligation is likely and the amount can be estimated, even if cash has not yet been paid.
Sticky trick
Provision = expected future bill, booked today. Not the same as cash already paid.
Take into the room
In plain English, what is Provision?
Or open the share card 🌂
Or start your own 5-word trail from home.