Definitions:

1. an amount added or deducted on the basis of qualifying circumstances noun
   • an allowance for profit
2. an amount allowed or granted, as during a given period noun
   • We were given a travel allowance to cover our expenses each year.
3. the act of allowing noun
   • We objected to the allowance of smoking in the dining room.
4. to put on a fixed allowance, as of food verb
   • We allowanced the children.

Synonyms:

• adjustment
• allowance account
• tolerance