Allowance

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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.


See also