What is the definition of Provision for credit losses? | Dictionary.net

PROVISION FOR CREDIT LOSSES

\pɹəvˈɪʒən fɔː kɹˈɛdɪt lˈɒsɪz], \pɹəvˈɪʒən fɔː kɹˈɛdɪt lˈɒsɪz], \p_ɹ_ə_v_ˈɪ_ʒ_ə_n f_ɔː k_ɹ_ˈɛ_d_ɪ_t l_ˈɒ_s_ɪ_z]\

Definitions of PROVISION FOR CREDIT LOSSES

1910 - Black's Law Dictionary (2nd edition)

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This is an amount of money that needs to be set aside that will be enough to cover any credit losses that will occur. It can be estimated from previous losses.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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