- Allowance is defined as a specific amount of something available for use.
An example of an allowance is the specific amount of money a woman sets aside for her shopping spree, knowing she can’t go over budget.
- The definition of allowance is the lowering of an original price.
An example of an allowance is the reduced price of a new car when a person brings in their old car as a trade in.
- Allowance means a given advantage.
An example of an allowance is a NASCAR driver who gets to move up his starting position in a race due to being wronged in a previous race.
- Allowance is a consideration of unusual circumstances.
An example of allowance is taking into consideration the possibility of vegetarian guests at a wedding dinner, and deciding to offer both a meat and non-meat option.
- Allowance is a piece of something given to a person, usually in relation to money or goods in exchange for service.
An example of an allowance is the money a parent gives to a child each week for the chores they do around the house.
allowance definition by Webster's New World
- the act of allowing, permitting, admitting, etc.: the allowance of a claim
- something allowed as a share; specif., an amount of money, food, etc. given regularly to a child, dependent, etc. or to military personnel for a specific purpose: travel allowance
- a reduction in the price of something in consideration of a large order or of turning in a used article, etc.
- the amount by which something is allowed to be more or less than stated, as to compensate for the weight of the container, inaccuracy of machining, etc.
- to put on an allowance or a ration
- to apportion economically
allowance definition by American Heritage Dictionary
- The act of allowing.
- An amount that is allowed or granted: consumed my weekly allowance of two eggs.
- Something, such as money, given at regular intervals or for a specific purpose: a travel allowance that covers hotel bills.
- A price reduction, especially one granted in exchange for used merchandise: The dealer gave us an allowance on our old car.
- A consideration for possibilities or modifying circumstances: an allowance for breakage; made allowances for rush-hour traffic in estimating travel time.
- An allowed difference in dimension of closely mating machine parts.
- To put on a fixed allowance: cut expenses by strictly allowancing the sales representatives.
- To dispense in fixed quantities; ration.
allowance - Business Definition
- Funds set aside for a potential expense.
- Funds allocated for a regular expenditure such as the expense of operating a personal vehicle for business purposes.
- A benefit offered to a distributor or retailer in exchange for a specific activity, such as product placement or advertising. See also trade allowance.
allowance - Legal Definition
- A portion or share, especially of money.
- A portion of a decedent’s estate awarded by statute to the decedent’s survivors for support during the administration of the estate, regardless of whether they have any rights to the estate or any testamentary disposition or competing claims to the estate. If statutorily available is only to the surviving spouse, it is known as a spousal (or widow’s or widower’s) allowance. If statutorily available is to surviving spouse, children, or parents, it is known as a family allowance. See also elective share.
- The court-ordered financial award to a fiduciary for services rendered.
- A deduction.
allowance - Phrases/Idioms
make allowanceor make allowances
make allowance foror make allowances for
- to forgive or excuse because of mitigating factors
- to leave room, time, etc. for; allow for