Many people reading this may well be surprised to see Superman so low on this list. The Man of Steel may well be one of the most powerful heroes in the world, or even the universe. However, compared to the beings that inhabit the edges of the DC universe, Superman doesnât even come close. Probably the most famous superhero there is, everyone is aware of Supermanâs story and powers, as his tale has been told many times.
Also found in: Dictionary, Thesaurus, Financial, Wikipedia. General Welfare. The concern of the government for the health, peace, morality, and safety of its citizens. Providing for the welfare of the general public is a basic goal of government.
DEFINITION of 'General Provisions'. A balance sheet item representing funds set aside by a company to pay for losses that are anticipated to occur in the future. The actual losses for the earmarked funds have not yet occured, but the general provisions account is counted as an asset on the balance sheet.For banks, a general provision is considered to be supplementary capital under the first Basel Accord.or example, a bank would set aside funds in the case of a set of questionable loans. General provisions are considered to be a higher risk asset, because it is assumed that the underlying funds will be in default in the future. RELATED TERMS.