| / English Dictionary |
ALLOWANCE ACCOUNT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets
Synonyms:
allowance; allowance account; valuation account; valuation reserve
Classified under:
Nouns denoting possession and transfer of possession
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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