allowance - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “allowance”

See all translations

allowance

noun [C]
 
 
/əˈlaʊəns/
money that someone is given regularly by their employer or by the government to pay for a particular thing: an accommodation/car/mileage allowancean allowance for sth/to do sth Some companies will even give their telecommuting executives an allowance to buy office furniture for their home. Employees relocating to London receive a maximum allowance of £1000 a year.
an amount of something that someone is allowed to have, use, produce, etc.: baggage/luggage allowance Baggage allowance is 2 free bags per passenger, and $80 per additional bag. In Europe nearly all of the valuable emission allowances - permits that each allow one ton of emissions - were given away to power companies.
TAX an amount of goods that you are allowed to buy and take into another country before you have to start paying tax: The Australian Customs Service will not charge you duty or tax on goods you bring in if they are within the duty-free allowance guidelines.
mainly UK TAX an amount of money that can be taken off your income before the tax owed is calculated: a tax allowance a personal/married couple's/single person's allowance an annual allowance
ACCOUNTING, TAX an amount of money that can be taken off a company's profits before the tax owed is calculated: The purchaser of assets can claim allowances on certain items such as plant and machinery.
the fact of planning or paying now for a possible future change in a situation or a possible future cost, or the amount that is planned for: make an allowance for sth It is unlikely that the regulator will make any allowance for falls in customer service caused by a strike. They made a 10% allowance for bad debt. The company will extend existing health-plan contracts and their pricing for eight years, with allowances for inflation. →  Compare provision noun
COMMERCE a special arrangement, such as a lower price, that manufacturers offer to stores which are going to sell their products: When selling a new product, manufacturers sometimes give retailers an allowance, for example a sale or return agreement.
→  See also capital allowance , cost of living allowance , display allowance , entertainment allowance , hardship allowance , investment allowance , Jobseeker's Allowance , loan-loss allowance , personal allowance , subsidiary noun , subsistence allowance , writing-down allowance
(Definition of allowance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of allowance?
Add Cambridge dictionaries to your browser to your website

Definitions of “allowance” in other dictionaries

Word of the Day

gale-force

(of winds) very strong

Word of the Day

They sometimes go here and they never go there: using adverbs of frequency

by Liz Walter,
April 29, 2015
Sometimes, always, often, never: these are some of the most common words in English.  Unfortunately, they are also some of the words that cause the most problems for students. Many of my students put them in the wrong place, often because that’s where they go in their own languages. They say things

Read More 

Evel abbreviation

May 04, 2015
English votes for English laws; the idea that only English (as opposed to Scottish, Welsh or Irish) MPs should be allowed to vote for laws that affect only England Yet these are the two principal constitutional proposals that have come from the Conservative party in its kneejerk response to Ukip’s English nationalism and

Read More