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1. An amount deducted from an invoice; for example, to compensate for damaged goods. 2. An amount given to an employee for expenses, such as the cost of travel. 3. A tax allowance. See capital allowances; income tax allowances.
1. An amount deducted from an invoice; for example, to compensate for damaged goods. 2. An amount given to an employee for expenses, such as the cost of travel. 3. A tax allowance. See capital allowances; income tax allowances.
Subjects:
Business and Management.
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Reference entries
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A Dictionary of Business and Management
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in
A Dictionary of Accounting
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