Business, Legal & Accounting Glossary

Definition: Allowance


Full Definition of Allowance

1. A sum set aside for an occurrence that may or may not come to pass. For example, funds earmarked for expenses associated with potential bad weather. 2. Funds allocated periodically for a stated purpose, such as a per diem. 3. A discount, especially one offered as a result of specific circumstances.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Allowance. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Allowance. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Allowance. Retrieved December 07, 2021
, from website:

Definition Sources

Definitions for Allowance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.