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allowance account

   Also found in: Wikipedia 0.02 sec.
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Noun1.allowance account - a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assetsallowance account - a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets
reserve account, reserve fund - funds taken out of earnings to provide for anticipated future payments


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Mrs Moon was heavily criticised when it emerged last week she spent more than pounds 4,000 on fixtures and fittings at South Wales stores, which were then delivered to her Porthcawl address on her second homes allowance account.
Parents are encouraged to transfer money to a child's online allowance account, which the child can access with his card to withdraw money at an ATM or to make purchases online or in stores -- and which Mom and Dad can top up when the money runs out.
The Leader's Allowance Account - set up to receive the Fianna Fail party leader's allowance from the state - was maintained in the joint names of Mr Haughey, Mr Ahern and Ray MacSharry.
 
 
 
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