How Do You Spell PROVIDENT ASSOCIATION?

Pronunciation: [pɹˈɒvɪdənt ɐsˈə͡ʊsɪˈe͡ɪʃən] (IPA)

The spelling of the words "provident association" can be broken down using the International Phonetic Alphabet (IPA). The first syllable sounds like "präv-uh-dent," with emphasis on the "präv" sound. The second syllable sounds like "uh-soh-see-AY-shun," with emphasis on the "AY" sound. Together, the word is pronounced "präv-uh-dent-uh-soh-see-AY-shun." This term is typically used to refer to a nonprofit organization that provides financial assistance and insurance benefits to its members.

PROVIDENT ASSOCIATION Meaning and Definition

1. A provident association is a type of organization or institution that is formed by individuals to promote mutual financial support and protection against unforeseen circumstances. This term commonly refers to voluntary groups or societies established to provide benefits and financial assistance to its members.

   Typically, a provident association operates on the principle of collective savings, whereby members make regular contributions or payments into a common fund. The association then manages this pool of funds and provides various financial services and benefits to its members in times of need. These benefits may include insurance coverage, pensions, loans, or other forms of financial assistance.

   The primary objective of a provident association is to ensure the economic security and welfare of its members. By pooling resources, members gain access to affordable financial products and services that might otherwise be difficult to obtain individually.

   Provident associations have historically played a vital role in providing social welfare and support systems, especially in communities where more formal financial institutions may be less accessible or affordable. These associations often serve as cooperative and self-help institutions, allowing individuals to protect themselves against risks, emergencies, and economic hardships.

   Overall, a provident association serves as a valuable avenue for members to mobilize resources collectively, sharing the financial burdens and benefiting from the collective strength and security offered by the association.

Common Misspellings for PROVIDENT ASSOCIATION

• orovident association
• lrovident association
• 0rovident association
• peovident association
• pdovident association
• pfovident association
• ptovident association
• p5ovident association
• p4ovident association
• privident association
• prkvident association
• prlvident association
• prpvident association
• pr0vident association
• pr9vident association
• procident association
• probident association
• progident association
• profident association
• provudent association

Etymology of PROVIDENT ASSOCIATION

The term "provident association" is a compound word formed from two separate words: "provident" and "association".

1. "Provident" comes from the Latin word "providentia", which means foresight or prudence. It is derived from the Latin verb "providere", meaning to foresee or make provision for. In English, "provident" is an adjective that describes someone or something as being careful, cautious, or prudent in planning for the future.

2. "Association" comes from the Latin word "associare", which means to unite or join together. It is derived from the Latin word "socius", meaning companion or partner. In English, "association" is a noun that refers to a group of people or organizations formed for a common purpose or interest.

Plural form of PROVIDENT ASSOCIATION is PROVIDENT ASSOCIATIONS