Definition: What is Allowance Meaning? Allowances are the supplementary payments or benefits provided to employees along with their base salary to address their specific needs, expenses, or circumstances. These allowances play an important role in supporting employees in different aspects of their professional and personal lives. That’s why it’s important for you as HR to understand the different types of allowances that exist and their significance to ensure that the organization you ... The meaning of ALLOWANCE is a sum granted as a reimbursement or bounty or for expenses; especially : a sum regularly provided for personal or household expenses. Definition of ALLOWANCE ALLOWANCE Noun Allowance is a noun that refers to a sum of money given regularly for specific purposes, an amount permitted or allocated, or a concession made in a process or situation. It can also denote a provision made for certain needs or circumstances. As a Noun (Monetary Provision): As a noun, allowance often refers to a set amount of money given to individuals, such as children, by their parents, or employees by their employers, for particular purposes. For ... An allowance is a fixed amount of money typically provided by employers to employees. It is a compensation package, added to the basic salary, covering specific expenses. The amount of allowances is variable, mainly depending on the employer’s policies and the nature of the job.
