allowance

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Related to make allowance for: come in handy, at first, bevy of beauties, be damned, so much for, take account of, stand a chance

Allowance

allowance

An accounting term used to describe entries on a profit and loss statement for expenses that might become necessary in the future. Examples include an allowance for bad debt, in which a certain percentage of income is deducted because of the likelihood it will be uncollectible.