An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. In the context of children, parents may provide an allowance to their child for their miscellaneous personal spending.

What allowance means?

1a : a sum granted as a reimbursement or bounty or for expenses a salary that includes a cost-of-living allowance especially : a sum regularly provided for personal or household expenses Each child receives a weekly allowance. b : a fixed or available amount provide an allowance of time for recreation.

How does an allowance work?

In the construction industry, an allowance may be an amount allocated to a specific item of work as part of an overall contract. The person providing the allowance usually tries to control how or when money is spent by the recipient so that it meets the aims of the person providing the money.