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Meaning of ALLOWANCE ACCOUNT

Pronunciation:  u'lawuns u'kawnt

WordNet Dictionary
 
 Definition: [n]  a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets
 
 Websites: 
 
 Synonyms: allowance, valuation account, valuation reserve
 
 See Also: reserve account, reserve fund

 

 

 

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