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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.

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Even making allowance for the weakness of the opposition, it was a reassuring performance from a side whose pack won plenty of possession and whose backs made the most of Freemans Payne's pace and Gareth Davies' power in the centre.
He found that, on average, after making allowance for quality differences, there is no significant difference between the results of the old and new managers.
'By our reckoning, after making allowance for the number of selling days and changed French seasonality, the January results imply a seasonally adjusted annualised rate of under 14.2 million units a year, one of the lowest in the recent past,' the report said.