ALLOWANCE

Definition of ALLOWANCE

ALLOWANCE Noun

Allowance is a noun that refers to a sum of money given regularly for specific purposes, an amount permitted or allocated, or a concession made in a process or situation. It can also denote a provision made for certain needs or circumstances.

As a Noun (Monetary Provision): As a noun, allowance often refers to a set amount of money given to individuals, such as children, by their parents, or employees by their employers, for particular purposes. For example, “She receives a weekly allowance from her parents to cover her personal expenses.”

Examples in Language: In language, allowance is used to describe financial provisions or permissions. For example, “The company provided an allowance for travel expenses.”

Contextual Uses: Child’s Allowance: In family settings, allowance refers to money given to children by their parents to manage their own expenses. For example, “The child’s allowance helps teach financial responsibility.” Employee Allowance: In a workplace context, allowance can refer to additional payments made for specific job-related expenses. For example, “The employee received a housing allowance to offset living costs.” Allowances in Planning: Allowance may also denote a provision made for unexpected expenses or variations in planning. For example, “The budget includes an allowance for unexpected costs.”

Characteristics of Allowance: Regular Provision: Allowance is typically given on a regular basis, such as weekly or monthly. Specific Purpose: It is often designated for particular uses or expenses. Flexibility: Allowance can be adjusted based on needs or circumstances, providing some degree of flexibility.

Implementing the Concept of Allowance: Allocation: Allowance involves allocating a specific amount of money or resources for certain purposes. Budgeting: In budgeting, allowances are planned and included to cover anticipated expenses or contingencies. Monitoring: Tracking and managing allowances help ensure they are used appropriately and effectively.

Cultural and Practical Perspectives: Allowance practices can vary based on cultural norms, financial systems, and personal or organizational policies. Understanding the context and purpose of allowances is essential for effective management and utilization.

Conclusion: In conclusion, allowance is a noun that refers to a regular monetary provision or a permitted amount allocated for specific purposes or needs. It can apply to various contexts, including personal finance, employment, and budgeting. The concept involves providing a set amount regularly for particular uses, with flexibility to accommodate changes or unforeseen expenses.

Examples of ALLOWANCE in a sentence

  • The company provided a monthly allowance for employees to cover travel expenses.
  • She receives a weekly allowance from her parents to manage her personal expenses.
  • The budget includes an allowance for unexpected costs and contingencies.
  • The allowance for the new project was adjusted after the initial review.
  • He used his allowance to buy books and school supplies.
  • The allowance for overtime pay was included in the payroll calculations.
  • They set aside a portion of the budget as an allowance for staff training.
  • The child’s allowance was contingent on completing certain chores each week.

Origin of ALLOWANCE

The term allowance has a rich etymological history, evolving from its origins to its modern usage.

Semantic Context: Allowance refers to a sum of money given regularly, often to children by parents, or a permitted amount or limit within specific regulations.

  • Etymological Roots: The term allowance is derived from the verb “allow,” which comes from the Old French “alouer” or “allouer,” meaning “to grant” or “to approve.” This French term traces back to the Latin “allocare,” which combines “ad-” (to) and “locare” (to place), meaning “to place or assign.”
  • Early Usage: In Middle English, “allowance” was used in contexts relating to permission and the granting of approval. By the 15th century, it began to denote a specific amount of money granted or a concession within various systems.
  • Historical Development: Initially, “allowance” referred to the act of allowing or granting. Over time, it began to specifically denote monetary sums given at regular intervals or permitted limits within a budget or set of regulations.
  • Modern Usage: Today, allowance is widely used to refer to money given regularly, especially to children, or to an amount of something permitted within certain constraints, such as an allowance in a budget or for specific expenses.

The term allowance reflects its development from a general act of granting to a specific financial and regulatory concept, illustrating how language evolves to meet changing needs and contexts.

Synonyms

  • Stipend
  • Grant
  • Budget
  • Provision
  • Allocation
  • Subsidy
  • Reimbursement
  • Permit

Antonyms

  • Penalty
  • Charge
  • Withholding
  • Deduction
  • Fine
  • Disallowance
  • Cost
  • Expense

Related

  • Financial aid
  • Benefit
  • Payment
  • Expense
  • Funding
  • Support
  • Quota
  • Authorization

🌐 🇬🇧 ALLOWANCE in other languages

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