Dictionary

1allowance

noun al·low·ance \ə-ˈla-ən(t)s\

: an amount of money that is given to someone regularly or for a specific purpose

: a small amount of money that is regularly given to children by their parents

: an amount of something (such as time) that is allowed or available

Full Definition of ALLOWANCE

1
a :  a share or portion allotted or granted
b :  a sum granted as a reimbursement or bounty or for expenses <salary includes cost-of-living allowance>; especially :  a sum regularly provided for personal or household expenses <each child has an allowance>
c :  a fixed or available amount <provide an allowance of time for recreation>
d :  a reduction from a list price or stated price <a trade-in allowance>
2
:  an imposed handicap (as in a horse race)
3
:  an allowed dimensional difference between mating parts of a machine
4
:  the act of allowing :  permission
5
:  a taking into account of mitigating circumstances or contingencies <the plan makes no allowance for bad weather>

Examples of ALLOWANCE

  1. a monthly allowance for household expenses
  2. Each of their children gets a weekly allowance of five dollars.
  3. the recommended daily allowance of vitamin C
  4. the tax allowance for married couples
  5. They performed poorly, but allowances should be made for their inexperience.

First Known Use of ALLOWANCE

14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

2allowance

verb
allowancedallowanc·ing

Definition of ALLOWANCE

transitive verb
1
archaic :  to put on a fixed allowance (as of food and drink)
2
archaic :  to supply in a fixed or regular quantity

First Known Use of ALLOWANCE

1758
ALLOWANCING Defined for Kids

allowance

noun al·low·ance \ə-ˈla-əns\

Definition of ALLOWANCE for Kids

1
:  an amount of money given regularly for a specific purpose <He earns his weekly allowance.>
2
:  a share given out <an allowance of time>
3
:  the act of considering things that could affect a result

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