Rückstellungen

provisions (accounting); reserves set aside

noun RUEK-shtel-ung-en Rare

Usage Note

Rückstellungen are liabilities of uncertain timing or amount recognised on a balance sheet — e.g. for pending lawsuits or deferred taxes. The singular Rückstellung is used; the plural is the normal accounting form. Contrasted with Rücklagen (reserves from retained earnings).

Examples

"Das Unternehmen bildete Rückstellungen für mögliche Schadensersatzforderungen."

Natural Translation

The company set aside provisions for possible compensation claims.

Literal Translation

The company formed provisions for possible damage-compensation-claims.

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