allowance
Definition 1
Accounting: (1) Tax-free amount (such as traveling allowance) subtracted from an income to arrive at taxable income. See also deduction. (2) Amount paid to employees as part of their salary package, or to defray their out of pocket expenses incurred on behalf of the firm. (3) Amount deducted from an invoice as an incentive for a large order, or to compensate the buyer for an expense or mistake.
Definition 2
Manufacturing: Acceptable increment or wastage included when estimating time or material for a production or other process.
allowance is in the Accounting & Auditing and Industries, Manufacturing, & Technology subjects.
allowance appears in the definitions of the following terms:
subsidy,
remuneration,
gross pay,
net national product (NNP),
lodging,
welfare state,
valued policy,
direct labor standard,
fringe benefit,
true capacity
and
allowance appears in the other terms:
trade in allowance,
baggage allowance,
recommended dietary allowances (RDA),
writing down allowance (WDA),
purchase returns and allowances,
sales return and allowances,
personal allowance,
capital allowance,
merchandising allowance,
balancing allowance
and
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