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.
There are different types of laws. Federal laws apply to everyone in the United States. State and local laws apply to people who live or work in a particular state, commonwealth, territory, county, city, municipality, town, township or village. What are Federal laws? Federal laws are rules that apply throughout the United States. These laws apply in every state, such as: Immigration law; Bankruptcy law; Social Security and Supplemental Security Income (SSI) laws; Federal anti-discrimination and civil rights laws that protect against racial, age, gender and disability discrimination; Patent and copyright laws; Federal criminal laws such as laws against tax fraud and the counterfeiting of money . What are state laws? There are 50 states and several commonwealths and territories within the United States.