Definition of provisions
WebMay 31, 2024 · Act-As-One Provision: A reinsurance contract provision that requires reinsurers that are party to a single contract to work together to choose a single arbitrator in the case of a dispute. An act ... WebDefinition of terms (c) Claim shall refer to all claims or demands of whatever nature or character against the debtor or its property, whether for money or otherwise, liquidated or unliquidated, fixed or contingent, matured or unmatured, disputed or undisputed, including, but not limited to; (1) all claims of the government, whether national or local, including …
Definition of provisions
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WebProvisions must be reliably estimable to be recognized. When there is a range of possible outcomes for a provision, the amount accrued should be the best estimate of the obligation (the amount an entity would rationally pay to settle or transfer to a third party the obligation at the balance-sheet date). If no single outcome WebIn the legal context, a provision is a stipulation within a legal document or in a specific law. This can also be known as a clause, contract clause, or contract provision.However, in accounting, provisions refer to any profits allocated for a specific purpose or expense.
WebAs defined in Section 3.1. Sample 1. Based on 1 documents. Legal Provisions means any federal, state, local or foreign statute, law, regulation, judgment, order or decree of any Governmental Entity. Sample 1. Based on 1 documents. Legal Provisions shall have the meaning in Section 3.1 (j) (i) hereof. Sample 1. WebProvision Definition. Provisions in accounting refer to the amount that is generally put aside from the profit in order to meet a probable future expense or a reduction in the …
WebJan 4, 2024 · Many passages about God’s provision relate to our need for food and clothing and the daily, physical needs of life. Others refer to the needs of our soul and spirit, our inner man. He provides us with peace (John 14:27), comfort (2 Corinthians 1:4), and “power, love and self-discipline” (2 Timothy 1:7). WebApr 11, 2024 · provision in American English. (prəˈvɪʒən) noun. 1. a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. 2. the providing or supplying of something, esp. of food or other …
WebDec 30, 2024 · Provisions are liabilities of uncertain timing or amount. This uncertainty makes them different from accruals or payables, where the timing and amount are often contractual and the uncertainty is insignificant. Provisions are dealt with in IAS 37. However, items specifically covered by another standard are scoped out of IAS 37.
Web[uncountable, countable] provision for somebody/something preparations that you make for something that might or will happen in the future He had already made provisions for (= … matthew mcconaughey biographieWebRelated to Remote Deposit Services Provisions. Contract means the agreement that results from the acceptance of a bid by an organ of state;. Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political … hereditary summaryWebDec 6, 2024 · A provision is the amount of an expense that an entity elects to recognize now, before it has precise information about the exact amount of the expense. For … hereditary symbiont transmission in plantsWebSynonyms for PROVISIONS: food, bread, foodstuffs, eats, fare, supplies, meat, table; Antonyms of PROVISIONS: poison, toxin, venom, bane, strips, deprives, divests ... matthew mcconaughey biografieWebProvisions are a set of expected financial liabilities, businesses will need to pay for in the future. They are recorded on the balance sheet. In order to record provisions three main criteria need to be met: A present obligation from a past event. The obligation is expected to result in an outflow of benefits. hereditary subtitlesWebAug 26, 2024 · Using the sentence notwithstanding any other provision to the contrary or notwithstanding other provisions herein can help you adjust certain contractual rights and obligations without altering other areas of the contract. However, with this sentence, you may incorporate interpretation challenges or ambiguities in the contract as well. matthew mcconaughey birthdayWebFind 21 ways to say PROVISION, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus. hereditary symptoms