Allowance meaning: British Boy Scouts receiving their allowances at

British Boy Scouts receiving their allowances at a fruit picking camp near Cambridge, England in 1943 An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. [1] In the context of children, parents may provide an allowance (British English: pocket money) to their child for their miscellaneous personal spending. In the construction industry, an allowance may be an amount allocated to a specific item of work as part of an overall contract. The ... The meaning of ALLOWANCE is a sum granted as a reimbursement or bounty or for expenses; especially : a sum regularly provided for personal or household expenses. Allowances is a term that helps employees to manage expenses like travelling, cost of living, housing and more. An employee must have come across with words like Dearness Allowance, House Rent Allowance, Conveyance Allowance, Leave Travel Allowance in their salary slips. Having a comprehensive understanding of each allowance will eventually help employees plan their finances better and make the most of their earnings. The blog will discuss allowance meaning, its types, tax implications, and ... Allowance definition: the act of allowing.. See examples of ALLOWANCE used in a sentence.