allowance meaning and definition

ALLOWANCE noun

Definition of allowance (noun)

1. an amount allowed or granted (as during a given period)
   • "travel allowance"; "my weekly allowance of two eggs"; "a child's allowance should not be too generous"
2. a sum granted as reimbursement for expenses
3. an amount added or deducted on the basis of qualifying circumstances
   • "an allowance for profit"
   • synonyms: adjustment
4. a permissible difference; allowing some freedom to move within limits
   • synonyms: leeway, margin, tolerance
5. a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets
   • synonyms: allowance account, valuation account, valuation reserve
6. the act of allowing
   • "He objected to the allowance of smoking in the dining room"

ALLOWANCE verb

Definition of allowance (verb)

1. put on a fixed allowance, as of food