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Allowance for Loan and Lease Losses

   Also found in: Acronyms 0.01 sec.
Allowance for Loan and Lease Losses
A contra-account on the balance sheet used for offsetting losses on loan and lease assets.


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During the quarter just ended, we made our largest ever quarterly provision to the allowance for loan and lease losses resulting in our largest ever quarterly increase in our allowance for loan and lease losses," Gleason said.
FFIEC Interagency Policy Statement on the Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions.
Current Allowance for Loan and Lease Losses ("ALLL") stands at $1.
 
 
 
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