Focus on the pronunciation of loan-loss allowance
English definition of “loan-loss allowance”
noun [C] (also loan-loss provision [C], loan-loss reserves [plural])
› ACCOUNTING, BANKING in a bank’s accounts, an amount showing what it expects to lose from loans that may not be paid back: The loan-loss allowance allocated to foreign loans was the highest on the bank's books. Despite a 26% improvement in its net income, the bank failed to meet Wall Street's expectations because it had to double its loan loss provision.