Definition, Meaning & Synonyms
statutory-provision
noun
/ˈstætʃ.ə.tɔːr.i prəˈvɪʒ.ən/
Definition
A statutory provision is a specific requirement or rule established by legislation that is enforceable by law.
Examples
- The statutory provision requires all employers to pay their employees minimum wage.
- Under the statutory provision, public companies must disclose their financial statements quarterly.
- A statutory provision was enacted to protect consumers from unfair practices.
Meaning
It refers to the details or conditions set out in a law or statute that dictate how laws are to be applied or followed.
Synonyms
- legal requirement
- regulatory rule
- legislative clause
