Allowances
/əˈlaʊənsɪz/
Definitions
- (n.) Amounts or provisions allotted for a specific purpose in contracts, taxation, or budgeting.
The contract included monthly allowances for travel expenses.
- (n.) Deductions permitted by tax authorities to reduce taxable income.
He claimed several allowances to lower his tax liability.
Forms
- allowance
Related terms
See also
Commentary
In legal drafting, distinguish between allowances as contractual provisions and tax-related deductions to avoid ambiguity.
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.