allowance

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(ə-lou'əns) pronunciation
n.
  1. The act of allowing.
  2. An amount that is allowed or granted: consumed my weekly allowance of two eggs.
  3. Something, such as money, given at regular intervals or for a specific purpose: a travel allowance that covers hotel bills.
  4. A price reduction, especially one granted in exchange for used merchandise: The dealer gave us an allowance on our old car.
  5. A consideration for possibilities or modifying circumstances: an allowance for breakage; made allowances for rush-hour traffic in estimating travel time.
  6. An allowed difference in dimension of closely mating machine parts.
tr.v., -anced, -anc·ing, -anc·es.
  1. To put on a fixed allowance: cut expenses by strictly allowancing the sales representatives.
  2. To dispense in fixed quantities; ration.

An intentional difference in sizes of two mating parts. With running or sliding fits, allowance is a clearance, usually for a film of oil. In this sense, allowance is the space “allowed” for motion between parts.

With force or shrink fits allowance is an interference of metal; that is, a portion of metal in one part tends to occupy the same space as the adjacent portion of metal in the mating part. In this sense, allowance is the interference “allowed” to produce pressure between parts. See also Force fit; Location fit; Press fit; Running fit; Shrink fit; Tolerance.


In general: reduction in price.

Merchandising: reduction in price offered to a retailer by a manufacturer or wholesaler that is contingent upon some special arrangement. It usually compensates the retailer for expense incurred in marketing the product. See also advertising allowance; brokerage allowance; display allowance; retail display allowance.

An accounting term used on a financial statement or in a budget providing for an expectation of something that may occur.


Examples:

allowance for vacancy and collection loss

allowance for depreciation

allowance for replacements

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1. acceptable reduction in quantity or quality such as normal spoilage in a manufacturing operation.


2. reduction in the amount owed a supplier because of damaged goods received or delays encountered.


3. valuation account reducing the cost of an asset such as the allowance to reduce marketable securities from cost to market value.

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noun

  1. The approving of an action, especially when done by one in authority: approbation, approval, authorization, consent, endorsement, leave, license, permission, permit, sanction. Informal OK. See allow/prevent.
  2. That which is allotted: allocation, allotment, dole, lot, measure, part, portion, quantum, quota, ration, share, split. Informal cut. Slang divvy. See collect/distribute.
  3. An accommodation made in the light of special or extenuating circumstances: concession. See agree/disagree.

A deviation from the basis grade or location allowable when delivering commodities under the terms of a futures contract. Allowances represent a premium or discount to the standards outlined in the futures agreement.

Investopedia Says:
Under a futures contract, the deliverables are standardized to a specific quality of good or delivery location. For example, an oil futures contract might require you to deliver 1,000 barrels of crude with an 850 kg/m³ density and 2% sulfur content. Allowances are made to these standards, since it might not be possible to find the specific good in a reasonable amount of time. For this example, an allowance may allow the seller to deliver within a range of 10 kg/m³ for density and 0.5% for sulfur.

Related Links:
For those who are new to futures but want a solid understanding of them, this tutorial explains what futures contracts are, how they work and why investors use them. Futures Fundamentals
Their inverse correlation with stocks and bonds make these alternative investments worth getting to know. A Primer On Managed Futures
Learn how to read the volume reports, look at the relation to liquidity and interpret volume using open interest. Interpreting Volume for the Futures Market
Learn the contract specifications for a few of the most heavily traded commodities. Trading The Soft Commodity Markets
These options represent one of the most important political commodities. Fueling Futures In The Energy Market
In this online tutorial, beginners and experts alike can learn the ins and outs of the retail forex market. Forex Tutorial: The Forex Market
Learn how these futures are used for hedging and speculating, and how they are different from traditional futures. Getting Started in Foreign Exchange Futures


Word Tutor:

allowance

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pronunciation

IN BRIEF: A certain amount of money given to a child.

pronunciation Carlos begged his father to raise his allowance to five dollars a week.

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

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sign description: The open A-hand makes a downward motion as it closes.




Random House Word Menu:

categories related to 'allowance'

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Random House Word Menu by Stephen Glazier
For a list of words related to allowance, see:

Allowance may refer to:

See also


Translations:

Allowance

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Dansk (Danish)
n. - ration, tildeling, tilskud, hjælp
v. tr. - give en tildeling, sætte på ration, rationere

idioms:

  • make allowances for    tage i betragtning, tage hensyn til

Nederlands (Dutch)
toelage/uitkering, deel, korting, toestemming, het verdragen (van), vaste/ beperkte toelage geven, ,

Français (French)
n. - rente, indemnité, pension alimentaire, approbation, allocation, mensualité, appointements, (US) argent de poche, (Comm) réduction, rabais, concession, (Mil) indemnité (de logement), (fig) indulgence, tolérance
v. tr. - faire la part des choses, tenir compte de, recevoir une allocation

idioms:

  • make allowances for    faire la part des choses, tenir compte de, se montrer indulgent

Deutsch (German)
n. - Zuteilung, Zuschuss, Erlaubnis, Rabatt, Vergütung, Nachsicht, Taschengeld
v. - auf Rationen setzen, begrenzen

idioms:

  • make allowances for    berücksichtigen, Nachsicht üben

Ελληνική (Greek)
n. - επίδομα, βοήθημα, χαρτζιλίκι, μερίδα, μερίδιο, ανοχή, έκπτωση στην τιμή

idioms:

  • make allowances for    λαμβάνω υπόψη, κάνω πρόβλεψη για, αφήνω περιθώρια για

Italiano (Italian)
indennizzo, indennità, condiscendenza, concessione, permesso, autorizzazione, assegno, sussidio, sovvenzione, sconto, mancetta

idioms:

  • make allowances    scusare
  • make an allowance for    prendere in considerazione

Português (Portuguese)
n. - mesada (f), pensão (f), compensação (f), tolerância, indulgência (f), permissão (f)

idioms:

  • make allowances    levar em consideração
  • make an allowance for    tolerar um comportamento

Русский (Russian)
принятие во внимание, порция, паек, выплата, потворство, разрешение, денежная помощь, скидка, одобрение, карманные деньги

idioms:

  • make allowances    делать оправдание
  • make an allowance for    учесть что-либо при принятии решения

Español (Spanish)
n. - remuneración de un estudiante de prácticas, compensación, abono, recompensa, indulgencia, complacencia, tolerancia, permiso, autorización, licencia, subsidio, prestación, descuento, rebaja, pensión, renta, paga, dinero de bolsillo
v. tr. - remunerar a un estudiante, compensar, abonar, recompensar, complacer, tolerar, autorizar, dar permiso, subsidiar, prestar, descontar, rebajar, pagar

idioms:

  • make allowances for    ser indulgente, tener en cuenta, tomar en consideración, hacer lugar a un argumento

Svenska (Swedish)
n. - lön, ranson, rabatt, eftergift

中文(简体)(Chinese (Simplified))
补贴, 津贴, 分配额, 零用钱, 允许额, 定量供应, 把物品定量发给, 发津贴给

idioms:

  • make allowances for    考虑到, 顾及, 为...留余地

中文(繁體)(Chinese (Traditional))
n. - 補貼, 津貼, 分配額, 零用錢, 允許額
v. tr. - 定量供應, 把物品定量發給, 發津貼給

idioms:

  • make allowances for    考慮到, 顧及, 為...留餘地

한국어 (Korean)
n. - 수당, 용돈, 허용, 할인, 여유
v. tr. - 정량 공급하다, 수당을 지급하다

idioms:

  • make allowances for    ~을 참작하다

日本語 (Japanese)
n. - 手当, 小遣い, 値引き, 許可, 余裕

idioms:

  • make allowances    酌量する
  • make an allowance for    考慮する

العربيه (Arabic)
‏(الاسم) نصيب, حصه‏

עברית (Hebrew)
n. - ‮קצובה, קיצבה, מענק, דמי כיס, הנחה, הפחתה, ניכוי‬
v. tr. - ‮העניק (לאדם) קיצבה, דמי כיס וכו'‬


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