- allow
- allow al‧low [əˈlaʊ] verb [transitive]1. ACCOUNTING when the tax authorities allow an amount, cost, or expense, they permit it not to be counted as part of income or profits:
• You're allowed a certain amount a year in personal allowances, before you have to pay any tax.
2. allow a claim to decide that an amount of money claimed for insurance, damages etc is correct and should be paid:• The judge allowed claims against the company involving unpaid dividends and disallowed others.
allow for something phrasal verb [transitive]to take something into account when doing a calculation or making a decision:• The electricity company said its prices were 26% lower than six years ago after allowing for inflation.
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allow UK US /əˈlaʊ/ verb [T]► to make it possible for someone to do something, or to not prevent something from happening: allow sb/sth to do sth »The website allows consumers to compare the prices of all energy and telephone providers.
»The extra compensation was allowed, overriding regulations that otherwise would not allow the payouts.
»Typing in this code will allow access to the data stored on the hard drive.
► to give enough time for something to happen: »Allow at least 14 days to receive your policy and cover confirmation.
allow sth for sth »You will need to allow up to six weeks for delivery.
► ACCOUNTING to take a cost or an amount off your income or profit before the tax owed is calculated: »The Australian Taxation Office allows tax deductions for voluntary donations to charity.
► COMMERCE to take a certain amount of money from the price of something : allow sb sth for sth »A dealer will be able to tell you how much you would be allowed in part-exchange for your existing vehicle.
► to accept or agree that something is true or correct: »An individual has three years to file a personal injury claim, although the court has the power to allow claims later.
allow that »When I pressed her, she allowed that a mistake might have been made.
Financial and business terms. 2012.
