One of the most familiar uses of a contract provision is a bond’s In the legal context it could mean a clause in a statute, contract or other legal document. He backed a provision that would allow judges to delay granting a divorce decree in some cases. The act of providing or supplying something: the provision of health care; the provision of rations. Acceptance always presumes a provision. Comm. Though it is often thought to be, a provision should not be considered to be a form of savings. Definition. 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. See more. a condition in an agreement or law The agreement includes a provision for each side to check the other side’s weapons.
PROVISION, com.
[...] national legal provision like Article 4.49.1 of the Algemene Wet Bestuursrecht (General Law on Administrative Law), on the basis of which the authority may withdraw the determination of the subsidy or amend it to the detriment of the beneficiary if (a) there are facts or circumstances of which it could not reasonably have been aware at the time the subsidy was determined and which would have resulted in … Provision definition, a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso.
under the provisions of something Under the provisions of the Act, employers must supply safety equipment. 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.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 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 Senate and House of Representatives in July voted to extend 14 of the 16 More Synonyms of provision de Jurisp. Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso.the providing or supplying of something, especially of food or other necessities.arrangement or preparation beforehand, as for the doing of something, the meeting of needs, the supplying of means, etc.something provided; a measure or other means for meeting a need.appointment by the pope to a see or benefice not yet vacant.a demand, condition, or stipulation formally incorporated in a document; provisothe conferring of and induction into ecclesiastical offices Soft call protection is typically a premium to face value that the issuer pays for calling the bond before maturity. Any investigations started before the sunset date was allowed to be completed. Provision definition: The provision of something is the act of giving it or making it available to people who... | Meaning, pronunciation, translations and examples b. However, the provision allowing the collection of massive phone data by government agencies was replaced with a new provision that this data must be held by phone providers. art.
Acceptance always presumes a provision. In loan documents, a loan loss provision is a type of contract provision that details an expense set aside to allow for uncollected loans or loan payments. For example, an anti-greenmail provision is a type of contract provision that is contained in some companies' charters that prevents the board of directors from paying a premium to a corporate raider to drop a hostile takeover bid. This provision is used to cover a number of factors associated with potential loan losses. 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. The act of making preparations for a... b.
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020Collins English Dictionary - Complete & Unabridged 2012 Digital Edition art. ‘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.’ said to have been made.
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