Provision vs Deduction - What's the difference?
provision | deduction |
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.
That which is deducted; that which is subtracted or removed
A sum that can be removed from tax calculations; something that is written off
(logic) A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true.
A conclusion; that which is deduced, concluded or figured out
The ability or skill to deduce or figure out; the power of reason
As nouns the difference between provision and deduction
is that provision is provision while deduction is deduction (all meanings).provision
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)
Synonyms
* supply * victualdeduction
English
Noun
(en noun)- You might want to donate the old junk and just take the deduction .
- He arrived at the deduction that the butler didn't do it.
- Through his powers of deduction , he realized that the plan would never work.