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Allowance: Allowance may refer to: Allowance Allowances in accounting, see Accounts receivable Personal allowance in the United Kingdom's taxing system Jobseeker's Allowance, a term for unemployment benefit in the United Kingdom EU Allowances Allowance (engineering) Allowance race, a type of horse race In grocery retail, “allowances” refers to discounts given to retailers in exchange for either favorable placement of a product in their stores, or sometimes even the initial or continued stocking of a product.
Allowance system: The allowance system was a system of poor relief in Britain during the 19th century. The allowance system allowed the able-bodied poor to get allowance to boost their wages.
Allowance (money): An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. In the context of children, parents may provide an allowance to their child for their miscellaneous personal spending.
Allowance (engineering): In engineering and machining, an allowance is a planned deviation between an exact dimension and a nominal or theoretical dimension, or between an intermediate-stage dimension and an intended final dimension. The unifying abstract concept is that a certain amount of difference allows for some known factor of compensation or interference.
Allowance for Loan and Lease Losses: In banking, the Allowance for Loan and Lease Losses , formerly known as the reserve for bad debts, is a calculated reserve that financial institutions establish in relation to the estimated credit risk within the institution’s assets. This credit risk represents the charge-offs that will most likely be realized against an institution’s operating income as of the financial statement end date.