Sounds like insurance policy language. It refers to the enumerated situations under which the insurance company will pay for reimbursement.
He made provisions for someone to look after his house while he was out of the country.
You can use "provisions" in a sentence by stating that certain provisions have been made in a contract, agreement, or law to address a specific issue or situation. For example: "The new law includes provisions for increased funding for education."
A policy that does not adhere to the standard guidelines or regulations set forth by the Uniform Provisions Law would be considered non-compliant. This could include policies that deviate from the prescribed requirements, fail to meet the necessary standards, or overlook essential provisions outlined in the law.
International law includes provisions on treaties, which are agreements between countries.
Yes, typically the debts of a trust are payable out of the trust estate. Creditors of the trust have the right to seek payment from the assets held within the trust before distribution to the beneficiaries.
in the trading and profit and loss account where do i put commission payable
Profit and Loss.
loan loss reserve: loans are going to default so banks use part of provision to book reserve. loan loss provisions: percertage of gross loans that all banks have to keep in their balance sheet as regulated
CL means current liability. Those liability, already incurred, which are payable within a year are included in current liability. Normally short term bank loans, short term loans from others, trade creditors fall under this category. Provisions represent amount of legal liability but not payable on the date of balance sheet. For example, assume, the weekly wages for the last week of the financial year. These are payable on the end of the week. If balance sheet is prepared on the fifth day of the week, legally five days are wages are liability, but not payable.
You would debit FBT expense on your Profit and Loss and credit the FBT payable account - then when the liability is paid you would Debit FBT payable and credit bank
holder
If your lien holder has changed or you have paid off your car. Just notify your insurer, you can send or fax them your payoff notice and they can remove the loss payee clause for you.
ETD payable = Employer Tax Deductions Payable
Accounts Payable releted to Creditors and Bills payable releted to bank.
An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe". ALL payable accounts are liabilities no matter what they are for. Whether it is a bill payable, mortgage payable, note payable, wages payable, etc, they are all listed as a liability. Rahul
Get StartedA Due on Demand Promissory Note specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing the loan funds is the "Borrower." The Note includes provisions regarding the amount of the loan, the interest rate, and the date by which the loan must be repaid. It also includes other general provisions that are important in enforcing the payment of the loan.A Due on Demand Promissory Note is payable "on demand." In other words, payable immediately at the request of the Lender.
Salaries payable is liability payable in future time period.