Sentence examples for generic provisions from inspiring English sources
A generous cushion of "generic provisions", reserves stored up in the boom times, has helped.
Generic provisions will not help: many banks will exhaust them this year.How bad things get largely depends on how long Spain's unemployment rate hovers near 20%.
Francisco González, its chief executive, notes that the bank has generic provisions of €3.5 billion and should be able to deal with an increase in overdue loans without profits being affected.
Instead of booking losses as things go sour, they will be spread over the life of a loan, although the draft rules do not go as far as Spain's system of "generic provisions" which leads to more reserves being built up in good times than in bad, smoothing profits even more.
A common approach is to include "all-hazard" provisions (generic provisions that relate to all hazards) alongside some hazard-specific provisions.
However, it has been globally manifested for numerous cases of devastating earthquakes that the generic provisions provided by effective seismic codes are grossly misleading, with the observed strong ground motion parameters and coseismic effects being far higher than predicted [50].
So banks have to set aside a small generic provision when issuing a loan, as a kind of insurance policy.
Spain's BBVA was run using an economic-capital model that, according to its 2007 annual report, explicitly replaced the generic provision in its income statement with its "best estimate of the real risk incurred".Accounting standard-setters, meanwhile, are not amused.
He added that BBVA's generic provisioning was probably adequate at least until 2010.
The IRS provision was crafted in 1951; the generic drug provision in 1984, strongly suggesting that Congress has institutional memory for this art of writing laws.
