ALLOWANCE ACCOUNT

Pronunciation (US):

(GB):

IPA (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

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; allowance account; valuation account; valuation reserve

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

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