An example of allowance is taking into consideration the possibility of vegetarian guests at a wedding dinner, and deciding to offer both a meat and non-meat option. This ruling established that excessively low allowance from wife can be counted as a fault towards divorce in South Korea. Gary's been exploiting the system, getting both a student allowance and unemployment benefit. The act of allowing, permitting, admitting, etc. The company anticipates that some customers will not be able to pay the full amount and estimates that $50,000 will not be converted to cash. Consumed my weekly allowance of two eggs. The Corporation shall provide the Executive with an annual car allowance (the “Car Allowance”), which shall be applied to the purchase or lease of a vehicle.Car Allowance. Allowance is a consideration of unusual circumstances. Sandra has not drawn any pension benefits previously; the capital value of her benefits is less than the LTA limit for 2018/19 of £1,030,000. When customers buy products on credit and then don’t pay their bills, the selling company must write-off the unpaid bill as uncollectible. An example of an allowance is the money a parent gives to a child each week for the chores they do around the house. allowance synonyms, allowance pronunciation, allowance translation, English dictionary definition of allowance. Allowance definition, the act of allowing. Usually young children get "gift" allowances. The act of allowing. In 2015 South Korea, court granted at fault divorce (no fault divorce is not allowed in South Korea) to a husband who received only 100000 KRW ($95 USD) per month in allowance from his wife. Example sentences with the word allowance. Later, as the child grows older, some parents give children projects they can choose or ignore, and this type of allowance can be called "entrepreneurial. The £20,000 will be eligible for the annual investment allowance: An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. The annual exchange rate for 1990 was 144.79 Yen for one American dollar. Dearness Allowance is cost of living adjustment allowance which the government pays to the employees of the public sector as well as pensioners of the same. allowance example sentences. Example The allowance method works by using the allowance for doubtful accounts account to estimate the amount of receivables that are going to be uncollected in the future. Designating a horse race in which the weight each horse must carry is set by a formula tied to the horse's past performance and earnings. If I wish to return to work sooner, I am aware that I have to inform you of the same. During the Initial Term and any Renewal Term, the Company shall pay you in cash a monthly car allowance of U.S. $1,500.00, or such higher amount as may be determined by the Compensation Committee. A travel allowance that covers hotel bills. In the context of children, parents may provide an allowance (British English: pocket money) to their child for their miscellaneous personal spending. The allowance method of accounting for Bad Debts involves estimating uncollectible accounts at the end of each period. See more. The amount by which something is allowed to be more or less than stated, as to compensate for the weight of the container, inaccuracy of machining, etc. [4] The article states that the husband was a professional soldier but his entire salary went to his wife, so he was forced to take 2nd job as a construction worker to afford to buy his meals. Fixed and Variable Rate Allowance vs. Per-Mile Reimbursement Rather than a more flexible but somewhat more complicated fair and variable rate allowance… Paul has to use his car a lot in his new job but he gets a good mileage allowance. The contractor may be required to produce records of the original takeoff or estimate of the section 2 costs for each allowance item. In 2011 it is 39,600 Yen or about $US 500. Examples – Travel allowance Example 1 – Non-taxable allowance Andy works for a hydro company, installing and repairing hydro lines. noun. An example of an allowance is the reduced price of a new car when a person brings in their old car as a trade in. For example, an allowance by a parent might be motivated to teach the child money management and may be unconditional or be tied to completion of chores or achievement of specific grades.[1]. In the construction industry, it may be an amount allocated to a specific item of work as part of an overall contract. Allowance is defined as a specific amount of something available for use. For example: Yes No You may also find it helpful to keep a record - write down a list of things you The basic calorie allowance is 2000 calories a day for women and 2500 for men. Sample letter requesting accommodation allowance and transportation allowance with the company. 0. More examples. Copyright © 2020 LoveToKnow. Example of Allowance for Doubtful Accounts Using the example above, let’s say that a company reports an accounts receivable debit balance of $1,000,000 on June 30. We agreed on an allowance figure and she began working in earnest. Her total pension contribution for the year is £20,000 over the £40,000 annual allowance. 0. In the construction industry, it may be an amount allocated to a specific item of work as part of an overall contract. Define allowance. An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. Discount and allowance pricing can take many forms: Discounts can be granted as a cash discount, a price reduction to buyers who pay their bills promptly. The dealer gave us an allowance on our old car. That which is allowed; a share or portion allotted or granted; a sum granted as a. Other issues that should be considered in the contract's allowance provision are: Parents often give their children an allowance (British English: pocket money) for their miscellaneous personal spending, and also to teach them money management at an early age. She has used 64.21% of the available LTA. In gynocentric countries like South Korea and Japan, it is customary for the woman to control the entirety of household finances. Cut expenses by strictly allowancing the sales representatives. He is working in an area of the municipality that is located over an hour away from the office, where he would normally have lunch. 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