Provision Law and Legal Definition

Provision is a term with varied meanings. In the legal context it could mean a clause in a statute, contract or other legal document. It can also be a stipulation or qualification made beforehand.

The following is an example of a state law (Montana) defining a particular provision:

Mont. Code Anno., § 17-1-502

"Dedicated revenue provision" means an administrative or legislative action that allocates the revenue from a tax, fee, assessment, or other source to an account in the state special revenue fund, as described in 17-2-102, or to a local government.