Also means
to need, to require
Usage Note
Precisar has two distinct senses that can confuse learners: 'to specify/clarify' (precisó los detalles del plan) and, in formal use, 'to need/require' (se precisan fondos adicionales). The second sense is common in job advertisements and official writing. The adjective preciso means both 'precise' and 'necessary' in formal registers.
Examples
"El informe precisa los plazos de cada etapa."
Natural Translation
The report specifies the deadlines for each stage.
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