Allowance For Credit Losses

Allowance For Credit Losses,

What Does Allowance For Credit Losses Mean?

Allowance For Credit Losses refers to Debt loss provision is an estimate of the amount of debt that the company is unlikely to charge. This is done from the point of view of the sales company, which lends to the buyer.

  • Provision for credit losses is an estimate of the amount of debt that the company is unlikely to collect.
  • This is done from the point of view of the sales company, which lends to the buyer.
  • This accounting technique allows companies to include expected losses in their financial statements, in order to limit profit growth.

Literal Meanings of Allowance For Credit Losses


Meanings of Allowance:
  1. The amount of something that is allowed, specifically according to a set of rules or for a specific purpose.

  2. Give (someone) some money to help.

Sentences of Allowance
  1. Eighty-five pounds check-in luggage allowance

  2. He spoke of receiving travel allowances, which depended on the designated social worker, and he was not allowed to leave the residence for more than three days.


Meanings of For:
  1. For (or for a person or policy)

  2. Influence, adversary or adversary (someone or something)

  3. (For or for the benefit of) something or something

  4. (Above) as a goal or task.

  5. Put (above) as an excuse or excuse.

  6. It has set its destination (designated place).

  7. Representation (Nominated)

  8. In return for (something)

  9. Compared to the expected quality of (some)

  10. Indication period (duration)

  11. Extension signal (distance)

  12. Explains consecutive events.

  13. Because since then.

Sentences of For
  1. Voted in the independence referendum

  2. He is responsible for running his department smoothly

  3. This old man does not represent everyone

  4. Tools you need to frame

  5. Eileen is proud of her family for their support.

  6. You will go to Swimsuit tomorrow

Synonyms of For

because, giving backing to, as a tribute to, encouraging of, owing to the fact that, all for, objective, since, reason, seeing as, purpose, as a mark of respect to, aim, considering that, in view of the fact that, cause, on the side of, in honour of, right behind, the same as, giving support to, motive, sympathetic to, seeing that, goal, pro


Meanings of Credit:
  1. The ability of a customer to receive advance goods or services based on the belief that payment will be made in the future.

  2. Public praise or appreciation, usually given or received when someone is responsible for an action or idea, becomes or becomes clear.

  3. Confirmation that the student has completed a course or activity that counts for the declared diploma or diploma in the school records

  4. Publicly acknowledge that anyone is involved in its production (anything that will be published or broadcast).

Sentences of Credit
  1. Want to include columns on each page. And the total cost is equal to the total credit

  2. The president claims to have acknowledged all the achievements

Synonyms of Credit

veneration, attribute, accredit, respect, depend on, put down, chalk up, believability, rely on, merit, glory, kudos, assign, impute, financial status, acclaim, set down, praise, admiration, regard, commendation, have confidence in, trust, adulation, plausibility, believe, tributes, recognition


Meanings of Losses:
  1. The fact or action of losing someone else.

Sentences of Losses
  1. Don't waste your time

Synonyms of Losses

mislaying, misplacement, overlooking, forgetting, dropping