Glossary entry

Japanese term or phrase:

引当金

English translation:

Provision or allowance

Added to glossary by Harpreet Singh kapula
Jan 3, 2021 07:43
3 yrs ago
12 viewers *
Japanese term

引当金

Japanese to English Bus/Financial Finance (general)
I have seen that 引当金 has been translated for "Allowance" and "Provision". Does it hold true for both or is there any context on how to use it?
Proposed translations (English)
5 Provision or allowance

Proposed translations

17 mins
Selected

Provision or allowance

In the taxonomy of the Financial Services Agency 引当金 is translated both as provision and as allowance, depending on the context.
A provision is associated with a future liability while an allowance is a contra asset.
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4 KudoZ points awarded for this answer. Comment: "Thank you for the explanation."
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