Dictionary
1allowance
noun al·low·ance \ə-ˈlau̇-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>
See allowance defined for English-language learners
See allowance defined for kids
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First Known Use of ALLOWANCE
14th century
Related to ALLOWANCE
- Antonyms
- interdiction, prohibition, proscription
Other Economics Terms
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
ALLOWANCE Defined for Kids
allowance
noun al·low·ance \ə-ˈlau̇-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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