PROVISION, generally, is to prepare in advance for an event that is projected to take place in the future. In accounting, it is an amount charged against profits for a specific liability (for example: bad debts, depreciation or taxes). A liability may be known, but the amount is often uncertain. This uncertainty may lead to an adjustment in a later income statement once the final amount of the liability is ascertained.
STATED CAPITAL is the declared total amount of money or other resources owned or used to acquire future income or benefits.
MARKETABILITY is the ability to quickly convert assets to cash at minimal cost.
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