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ALLOWANCE ACCOUNT

Pronunciation (US):

Dictionary entry overview: What does allowance account mean?

• ALLOWANCE ACCOUNT (noun)
The noun ALLOWANCE ACCOUNT has 1 sense:

1. a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets

Familiarity information: ALLOWANCE ACCOUNT used as a noun is very rare.

Dictionary entry details

• ALLOWANCE ACCOUNT (noun)

Sense 1

allowance account ^{[BACK TO TOP]}

Meaning:

A reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

allowance account; valuation account; valuation reserve; allowance

Hypernyms ("allowance account" is a kind of...):

reserve account; reserve fund (funds taken out of earnings to provide for anticipated future payments)

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