What is a Provision? Definition: A provision is an amount set aside for the probable, but uncertain, economic obligations of an enterprise. A provision is an amount that you put in aside in your accounts to cover a future liability.
They are all controlled by the Federal government. Under the constitution of the United States the individual states are allowed to make their own laws regardless of what the other states do, as long as it doesn't deviate from federal laws which are laws that govern all the people of the United States. <br /> This brings up the idea of federalism.
The state law applies to residents and visitors of the state, and also to business entities, corporations, or any organizations based or operating in that state. When a state law is in direct conflict with federal law, the federal law prevails. A state law can afford more rights to its residents than federal law, but is not meant to reduce or restrict the rights of a U.S. citizen.