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Discover Ludwig"loss provision" is a correct and usable phrase in written English.
It refers to a clause in a contract that states a party's rights in the event of any losses that occur. For example, "The loss provision in the contract made it clear that either party would be liable if something unexpected occurred."
Exact(35)
The tax code's casualty loss provision requires taxpayers to reduce each loss by $100.
$33 Million Loss Provision The junk-bond investments fared no better.
But Mr. Blethen and his lawyers have maintained that the clause does not relate to the loss provision.
As a result of the increased loss provision, the company lost $198.9 million for the fourth quarter.
Bundled payments should also include a "stop loss" provision to limit providers' exposure to unusually high costs from catastrophic or outlier cases.
BSB, based in Binghamton, N.Y., also said it expected a third-quarter loss of about $1.7 million because of a higher loan loss provision and merger expenses of about $2 million.
Similar(25)
Société Générale announced a loss after more big write-downs and rising loss provisions.
Loss provisions in Britain accounted for two-thirds of the decline.
For the entire year, the company recorded loss provisions of $405 million and a net loss of $263.4 million.
The bank has raised its loss provisions in recent quarters to cover increasing defaults on mortgages and home equity products.
A surprise increase in loan loss provisions by Toronto-Dominion Bank in June squarely focused attention on the issue.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com