The act of providing or supplying something: the provision of health care; the provision of rations. The property which a drawer of a bill of exchange art. The act of making preparations for a... b. These provisions have many different names, but are typically noted as: Recitals; Findings; Declarations, sometimes suffixed with of Policy or of Intent; or; Sense of Congress, or of either house in multi-chamber bodies. Provisions therefore adjust the current year balance to be more accurate by ensuring that costs are recognised in the same accounting period as the relevant expenses. Acceptance always presumes a provision. 2 East, P. C. 822; 6 East, R. 133 to 141; 3 M. & S. 10; 4 Campb. Bitte immer nur genau eine Deutsch-Englisch-Übersetzung eintragen (Formatierung siehe Guidelines), möglichst mit einem guten Beleg im Kommentarfeld. Find more ways to say provision, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. PROVISION, com. support; which is to be paid before there is a definitive judgment. Bookkeeping and accounting use the term provision meaning an estimated amount set aside when it is probable that a liability has been incurred or an asset impaired. Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. 5, Brief for Appellants in Nos. 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Law Dictionary – Alternative Legal Definition. In the legal context it could mean a clause in a statute, contract or other legal document. An allowance granted by a judge to a party for … Standard lease provisions that set forth landlord and tenant rights and obligations include the following important clauses: The names of the parties - While this may sound obvious, you want to make sure that everyone who is a party to the lease (such as … Provision is defined as a supply of something or to the act of providing a supply of something. The meaning of "provision" in this case is somewhat driven by the context. Once the bill becomes law, the various provisions in the bill are called statutes. A transfer of undertakings occurs in one of two situations - either a business transfer or a service provision change. b. Though it is often thought to be, a provision should not be considered to be a form of savings. exchange to the drawee in order to meet the bill, or property remaining in the drawee’s hands or due from him to the drawer, and appropriated to that purpose. Viele übersetzte Beispielsätze mit "law provisions" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. "Statute" means that the law resulted from a bill in the legislature. eur-lex.europa.eu. In the legal context it could mean a clause in a statute, contract or other legal document. places in the hands of a drawee; as, for example, by remittances, or when A business contract usually contains a provision saying that the laws of a specific jurisdiction (for example, the laws of Delaware or the federal laws of the United States) would apply to the contract. The amounts … This Law may be cited as the Interpretation and Standard Provisions (Bailiwick of Guernsey) Law, 2016. In commercial law. It can also be a stipulation or qualification made beforehand. provisions - a stock or supply of foods. Another word for provision. 39 of 1958, Act No. It can also be a stipulation or qualification made beforehand. We increased our provision for bad debts on credit sales going into the recession. 39 of 1956, Act No. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Provision definition is - the act or process of providing. exchange to the drawee in order to meet the bill, or property remaining in the drawee’s hands or due from him to the drawer, and appropriated to that purpose. For example, a new probate law enacted in California will be placed in the California Probate Code. How to use provision in a sentence. Enrich your vocabulary with the English Definition dictionary Changes in law – the common law position. food, nutrient - any substance that can be metabolized by an animal to give energy and build tissue. More Synonyms of provision The most common type of provision is a provision for bad debt. It often requires action by a certain date or within a set period of time. A clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. ‘Under the provisions of rule 49.10, the successful parties would ordinarily be entitled to substantial indemnity costs.’ ‘There was a hue and cry over her statement as the defence counsels brought to the notice of the judge that her rhetorics would invite legal actions under the provisions of the special Act.’ A provision can be a liability of uncertain timing or amount. law. Provision definition: The provision of something is the act of giving it or making it available to people who... | Meaning, pronunciation, translations and examples Synonyms: condition, stipulation. b : the fact or state of being prepared beforehand. Instead, constitutional principles are a basic blueprint of how the country or state, governed by that constitution, will be run. If provisions are to be changed, they must undergo … Provisional Airport [Aeronautics and Space], Provisional Certificate of Registration [Transportation]. the drawee is indebted to the drawer when the bill becomes due, provision is 115, 116, 117. There are many reasons why a business would want to create a provision in its accounting records, the list below shows some of the reasons why provisions might be established. from her husband. An allowance granted by a judge to a party for his law provisions definition in English dictionary, law provisions meaning, synonyms, see also 'porcupine provisions',provision',provisional',provisioner'. A liability, in turn, is a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. a condition in an agreement or law The agreement includes a provision for each side to check the other side’s weapons. PROVISION, French law. Share. Provision is a term with varied meanings. Provisions cannot be changed through court or common law, regardless of the circumstances that may arise. Another word for provision. An example of provision is food you take with you on a hike. MultiUn . Law Dictionary – Alternative Legal Definition. financial provision: a phrase often used to denote rules relating to division of assets and payments on breakdown of marriage. A constitutional provision is a specifically designated rule/law within a nation or state’s constitution. An arrest shall be made in accordance with the provisions of this Act. b. PROVISION, French law. Comm. provisions of a law provisions of a will provisions of article b.5 provisions of local law provisions of state law proviso: Kennst du Übersetzungen, die noch nicht in diesem Wörterbuch enthalten sind? Convenient, Affordable Legal Help - Because We Care! An Act of Parliament to make provision in regard to the construction, application and interpretation of written law, to make certain general provisions with regard to such law and for other like purposes [Act No. The application of the law designated by the provisions of this Chapter can be refused only if this application would be manifestly [...] contrary to public policy, taking into [...] account the best interests of the child. The Provision and Use of Work Equipment Regulations 1998 replaced the original PUWER regulations first introduced in 1992. PROVISION, com. As good provisions contribute so much to the health and comfort of man, the law requires that they shall be wholesome; he who sells unwholesome provisions, may therefore be punished for a misdemeanor. Provision is a term with varied meanings. A particular requirement in a law, rule, agreement, or document. (Entry 1 of 2) 1 a : the act or process of providing. c : a measure taken beforehand to deal with a need or contingency : preparation … "You have an excellent service and I will be sure to pass the word.". penal provisions definition in English dictionary, penal provisions meaning, synonyms, see also 'penal code',penal servitude',peal',penally'. commissariat, viands, victuals, provender. Banking provisions: Definition and types. Regeln {pl} nationaler Gesetzelaw provisions of state law Regeln {pl} staatlicher Gesetzelaw scope of normative provisions Geltungsbereich {m} von Tarifnormenlaw special provisions of law besondere Rechtsvorschriften {pl}law in accordance with (the) provisions {adv} in Übereinstimmung mit den Bestimmungen in accordance with the (more) detailed provisions of nach näherer Maßgabe von … What does provision mean? provision the sums charged in DOUBLE ENTRY ACCOUNTS against a firm's PROFITS in anticipation of costs which are likely to arise in the future. From Longman Dictionary of Contemporary English provision pro‧vi‧sion 1 / prəˈvɪʒ ə n / noun 1 [countable usually singular, uncountable] PROVIDE when you provide something that someone needs now or in the future provision of the provision of childcare facilities provision for provision for people with disabilities He made provisions for his wife and his children in his will. Definition of provision. 26 of 1961, Act No. These funds are commonly known as provisons. All statutes, federal as well as state, are grouped into codes by subject matter. said to have been made. Provision definition: The provision of something is the act of giving it or making it available to people who... | Meaning, pronunciation, translations and examples legal provisions definition in the English Cobuild dictionary for learners, legal provisions meaning explained, see also 'legal aid',legal tender',legally',legalise', English vocabulary General provisions are balance sheet items representing funds set aside by a company as assets to pay for anticipated future losses. General provisions are balance sheet items representing funds set aside by a company as assets to pay for anticipated future losses. In accounting, the matching principle states that expenses should be reported in the same financial year as the correlating revenues. h.t. Definition and Examples of Safe Harbor Laws ... A safe harbor provision in a law effectively acknowledges that a wrongdoing has been committed, but it was justified due to certain circumstances and therefore not punishable in whole or in part. Synonyms & Antonyms of provision (Entry 1 of 2) 1 something upon which the carrying out of an agreement or offer depends loaned them the car with the provision that … These provisions have many different names, but are typically noted as: Recitals; Findings; Declarations, sometimes suffixed with of Policy or of Intent; or; Sense of Congress, or of either house in multi-chamber bodies. When can a company add provisions for entrenchment in the articles? All federal and state codes are published in books. See Code de Comm. Synonyms: condition, stipulation. Find more ways to say provision, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Food for man; victuals. Enrich your vocabulary with the English Definition dictionary All companies need to make sure they have the money required to cover both eventual asset impairments and potential obligations that have still not materialized. In the absence of express provisions to the contrary, there is normally an implied term in a contract that the contractor will not complete the work in a manner which contravenes relevant building regulations or other construction laws. Provisions therefore adjust the current year balance to be more accurate by ensuring that costs are recognised in the same accounting period as the relevant expenses. food cache - food in a secure or hidden storage place. Hier kannst du sie vorschlagen! More Definitions of Provision of law Provision of law or “Law” means the whole or a part of the federal or state Constitution, or of any federal or state (i) statute, (ii) case law or common law, (iii) rule of court, (iv), rule or order of an administrative agency or (v) executive order. Enrich your vocabulary with the English Definition dictionary In the law, no provision was made to abolish the barbarous customs of the Irish. provision (as in a law) in English translation and definition "provision (as in a law)", Dictionary English-English online. Up; Reyes Pariente. Provision definition, a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. provision (as in a law) in English translation and definition "provision (as in a law)", Dictionary English-English online. 13. of 1961, Act No. The amounts … A provision is a stipulation in a contract or other legal document. Sample 1 Sample 2 A governing law provision must not be illegal or against a public policy. The main change was in the coverage of mobile work equipment, woodworking equipment and power presses allowing the repeal of the 1965 Power Press Regulations and a number of other older regulations, including those on woodworking machinery. 1, 2 and 3 and for Respondents in No. https://legal-dictionary.thefreedictionary.com/Provision, 'This sector consists of the ministries of housing, power, water resources among others and that accounts for its high budgetary, Almost all the UAE banks witnessed a high growth in, In the post-Enron SOX world, the outside auditors can no longer do the income tax, Under the process-of-nature rule for policy, Not surprisingly, those who will be most directly impacted by the, Although beyond the scope of this article, it is also worth noting that the decision may well have an impact reaching beyond guaranties to impact any contract, This year Congress is debating reauthorization of the expiring, (b) The description of the condition in subparagraph 56.4(7)(d)(ii) is extremely confusing and the facts and circumstances to which it would apply to permit a taxpayer to avail itself of subsection 56.4(5) are unclear (since the latter, The following is an overview of some of AB 115's, Senate and House of Representatives in July voted to extend 14 of the 16, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Brief for Appellants in Nos. Types of provision in accounting. He backed a provision that would allow judges to delay granting a divorce decree in some cases. Amendments thus established shall enter into force in accordance with the provisions of Article 4. In making a decision about special provisions, the school is required to consider what adjustments to assessment conditions are reasonable in the circumstances. These laws gained some notoriety in 2015 over a dispute between U.S. law enforcement and European Union. The following is an example of a state law (Montana) defining a particular provision: "Dedicated revenue provision" means an administrative or legislative action that allocates the revenue from a tax, fee, assessment, or other source to an account in the state special revenue fund, as described in 17-2-102, or to a local government. In the legal context it could mean a clause in a statute, contract or other legal document. See more. In a Provisions are recognised on the balance sheet and are also expensed on the income statement. civil case, for example, it is an allowance made to a wife who is separated It helps the contracting parties choose their own jurisdiction irrespective of the jurisdiction that would otherwise apply to the case. An entrenched clause or entrenchment clause of a basic law or constitution is a provision that makes certain amendments either more difficult or impossible to pass, making such amendments inadmissible. An arrest shall be made in accordance with the provisions of this Act. See Code de Special Provisions means making reasonable adjustments to conditions of assessment to ensure equitable opportunities for all students.Special provisions may apply to any student, depending on the circumstances. In ecclesiastical law. If you're asked in a real life setting to identify all provisions applicable to a particular case, the meaning may be (or best taken to be) broader. Provision definition, a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. Many translated example sentences containing "provisions in the law" – Spanish-English dictionary and search engine for Spanish translations. provision (as in a law) Example sentences with "provision (as in a law)", translation memory. A constitutional provision is a specifically designated rule/law within a nation or state’s constitution.Provisions cannot be changed through court or common law, regardless of the circumstances that may arise. A clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. In ecclesiastical law. under the provisions of something Under the provisions of the Act, employers must supply safety equipment. Examples from the Corpus provision • Clinton repeatedly has supported the portability and access provisions. Generally speaking though, the phrase is usually used within a contract or statute in connection with the statement of a general rule that is intended to govern a particular matter, right or obligation. The most common general provision made by firms is the provision for DOUBTFUL DEBTS which is established in anticipation of some customers not paying what they owe. Viele übersetzte Beispielsätze mit "provisions in law" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. art. Acceptance always presumes a provision. Dict. An example of provision is when legal aid … de Jurisp. Lernen Sie die Übersetzung für 'provision' in LEOs Englisch ⇔ Deutsch Wörterbuch. 1) Either on formation/ incorporation of a company; or. According to the law, all the legal documents containing an offer of investment in the form of shares and debentures shall be self-contained according to the definition of the prospectus given under section 2 and shall be deemed as a prospectus by implication of law. In commercial law. 27 of 1961, provision noun (LAW) [ C ] a statement within an agreement or a law that a particular thing must happen or be done, especially before another can happen or be done: Such a provision is called a governing law provision. law provisions definition in English dictionary, law provisions meaning, synonyms, see also 'porcupine provisions',provision',provisional',provisioner'. PROVISIONS. This is because costs that belong to a certain year can become misleading if accounted for in previous or future financial years. It includes, in English family law, the process of distributing a couple's capital and income in a just and equitable way when their marriage ends in divorce. EurLex-2. The property which a drawer of a bill of exchange places in the hands of a drawee; as, for example, by remittances, or when the drawee is indebted to the drawer when the bill becomes due, provision is said to have been made. Definition. It is a contingent loss that is recognized as a liability. The act of providing or supplying something: the provision of health care; the provision of rations. Papal provision a previous nomination by the pope to a benefice before it became vacant, by which practice the rightful patron was deprived of his presentation. The ship was provisioned for a voyage of six months. eur-lex.europa.eu. We increased our provision for bad debts on credit sales going into the recession. law. Instead, constitutional principles are a basic blueprint of how the country or state, governed by that constitution, will be run. The meaning of the phrase will, of course, depend on the context in which it is used. The act of making preparations for a... b. A provision in a law or an agreement is an arrangement which is included in it. Giga-fren. 115, 116, 117. provision (as in a law) Example sentences with "provision (as in a law)", translation memory. The articles may contain provisions for entrenchment to the effect that specified provisions of the articles may be altered only if conditions or procedures that are more restrictive than those applicable in the case of a special resolution, are met or complied with. Provision definition: The provision of something is the act of giving it or making it available to people who... | Meaning, pronunciation, translations and examples 2. PROVI'SION, verb transitive To supply with victuals or food. If this was a question on a law school exam, you would want the exact legal definition. Excellent service and I will be sure to pass the word. `` ; which is to be before. Can a company add provisions for entrenchment in the legal context it could mean a clause in a civil,! 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