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.
What's the difference between Federal Law and State Law? Federal law is created at the national level, and applies to the entire nation (all 50 states and the District of Columbia), and U.S. territories. The U.S. Constitution forms the basis for federal law; it establishes government power and responsibility, as...