Allowance
/əˈlaʊəns/
Definitions
- (n.) A specified amount of money allotted regularly for a particular purpose.
The tenant received a monthly allowance for utility expenses.
- (n.) A permitted deviation or tolerance within contractual or regulatory limits.
The construction contract included an allowance for material waste.
Forms
- allowances
Related terms
See also
Commentary
In drafting, clearly define the scope and conditions of an allowance to avoid ambiguity regarding limits and purposes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.