Glossary entry (derived from question below)
English term or phrase:
provisions
English answer:
stipulations, arrangements, conditions
English term
provisions
7.1 The Trustees shall have the following powers:
(a) The Trustees may appoint that they shall hold the Trust Fund or any income thereon for the benefit of any Beneficiaries on such terms as the Trustees think fit. In particular:
(i) ***an appointment may create any provisions*** and in particular may create discretionary trusts or dispositive or administrative powers, all exercisable by the Trustees or by any other person. Any property subject to any separate trusts or powers may remain consolidated with the Trust Fund without physical division;
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What does "provisions" here mean?
| 5 +3 | stipulations, arrangements, conditions |
Charles Davis
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Jan 30, 2013 02:38: changed "Kudoz queue" from "In queue" to "Public"
Feb 1, 2013 05:54: Charles Davis Created KOG entry
Non-PRO (1): Charles Davis
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Responses
stipulations, arrangements, conditions
"a demand, condition, or stipulation formally incorporated in a document; proviso"
http://www.collinsdictionary.com/dictionary/english/provisio...
"a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso."
http://dictionary.reference.com/browse/provision?r=66
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