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/ English Dictionary

ALLOWANCE ACCOUNT

Pronunciation (US): Play  (GB): Play

 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 assetsplay

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)

Credits




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