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    • Join Date: Jul 2005
    • Posts: 928
    #1

    provisions

    Hi,

    could you please tell me the meaning of the word "provisions" in the following sentence:

    The supplier is obliged to make his own health insurance and pension provisions.

    Does it mean "reserves"?

    Thank you very much.

    Hanka

  1. MikeNewYork's Avatar
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      • United States
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    • Join Date: Nov 2002
    • Posts: 24,983
    #2

    Re: provisions

    Quote Originally Posted by Hanka View Post
    Hi,

    could you please tell me the meaning of the word "provisions" in the following sentence:

    The supplier is obliged to make his own health insurance and pension provisions.

    Does it mean "reserves"?

    Thank you very much.

    Hanka
    It means that the supplier is not covered by the forms health insurance or pension benefits. The supplier must provide (procure) those for himself.

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