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allowance
(redirected from allowance account)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
allowance
Brit Education a salary supplement given to a teacher who is appointed to undertake extra duties and responsibilities

allowance [ə′lau̇ยทəns]
(design engineering)
An intentional difference in sizes of two mating parts, allowing clearance usually for a film of oil, for running or sliding fits.


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By mechanically relying on the write-off performed for financial accounting, taxpayers may be forgoing the opportunity to deduct currently the portion of the allowance account that represents partially worthless business debts.
For example, WorldCom recorded millions of dollars in expenses in asset accounts without audit detection, and Healthsouth created income by manipulating its contractual allowance account.
"No matter how much money I place in the household allowance account, you always run short," he accused angrily.
 
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