Provision


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PROVISION, com. law. 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. Acceptance always presumes a provision. See Code de Comm. art. 115, 116, 117.

PROVISION, French law. An allowance granted by a judge to a party for his support; which is to be paid before there is a definitive judgment. In a civil case, for example, it is an allowance made to a wife who is separated from her husband. Dict. de Jurisp. h.t.

References in periodicals archive ?
'This sector consists of the ministries of housing, power, water resources among others and that accounts for its high budgetary provision.
Almost all the UAE banks witnessed a high growth in provisions, led by Emirates National Bank of Dubai and Abu Dhabi Commercial Bank which were most affected by exposure to Dubai World and related entities, according to GCC banking sector quarterly survey published by the Global Investment House.
In the post-Enron SOX world, the outside auditors can no longer do the income tax provision work for their clients.
Under the process-of-nature rule for policy provisions requiring disability within a certain time frame ("immediately," "from the date of the accident," or "within 90 days"), the onset of disability relates back to the time of the accident (if the disabling injury arises directly from the accident during the course of nature).That is, when the process of nature eventually brings the injured person to a state of total disability.
Not surprisingly, those who will be most directly impacted by the provision are concerned.
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 provision which is contingent on the absence of a default historically.
The GO Zone Act extended this provision to casualty losses that occurred in the Hurricane Rita Disaster Area on or after September 23, 2005, and in the Hurricane Wilma Disaster Area on or after October 23, 2005, that were attributable to these horrendous storms.
This year Congress is debating reauthorization of the expiring provisions of the Voting Rights Act of 1965 (VRA).
(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 provision never directly or indirectly uses the term "eligible corporation").
Under its provisions, persons ordered to turn over business records are not permitted to contact an attorney or seek the protection of the courts.
The following is an overview of some of AB 115's provisions, according to CCH's review in its Oct.
Senate and House of Representatives in July voted to extend 14 of the 16 provisions of the USA PATRIOT Act that were set to expire December 31.