- proviso
- proviso pro‧vi‧so [prəˈvaɪzəʊ ǁ -zoʊ] noun [countable]1. LAW a part of a contract that covers a particular subject:
• Landlords frequently include a proviso stating that nothing contained in the lease shall prevent them from carrying out work on their property.
2. formal something that must happen before you will agree to something:proviso that• The only proviso is that you should let the office manager know well in advance if you decide to take a day off.
• Some companies are happy to invest in community projects, with the proviso that the government does not neglect its own duty.
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proviso UK US /prəˈvaɪzəʊ/ noun [C]► LAW a part of a legal document that states that something must happen or be done: »The provisos set out in a lease cover a range of matters which a tenant should understand before signing it.
contain/include/carry a proviso »Recent legislation includes a proviso that the country's private creditors agree to reduce their claims in order to make the debt burden more sustainable.
with/on the proviso that »We are currently offering a new investment fund whose return tracks the FTSE 100, with the proviso that it can only fall by 5% a quarter.
► something that must be done before something else happens or is agreed: »You can buy back or sell the shares at any point - the only proviso is that any loss or money owed is within your account limit.
with/on the proviso that »The firm will pay only half the fine on the proviso that it does not breach regulations again.
Financial and business terms. 2012.