Allowance
From ACT Wiki
1. Environmental policy - carbon pricing - emission trading schemes.
A right to emit a defined quantity of carbon dioxide (CO2), or its equivalent in other greenhouse gases.
2. Tax.
A tax-free amount, or other ways of calculating a reduction in tax payable.
3. Bank charges.
A way of calculating a reduction in bank fees and charges, for example an earnings credit allowance.
4. Banking - credit risk losses.
A way of calculating estimated credit risk losses on a portfolio of loans, for example an impairment allowance.
