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.
Federal Law is central government and represents the union. (All states) The Constitution is the highest form of law in the USA, and federal law â¦enforces the constitution. Therefore, Federal Law would prevail at anytime against any state laws. It's like a regular Criminal Court going up against The Supreme Court.