Defenition of the word allowance account

• Defenition of the word allowance account

  • a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets
  • a reserve fund created by a charge against profits in order to provide for changes in the value of a company''s assets

Synonyms for the word allowance account

• • allowance
  • valuation account
  • valuation reserve

Hypernyms for the word allowance account

• • reserve account
  • reserve fund

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