An amount deducted from an invoice, given to an employee for expenses, or a deduction for tax purposes. Different types of allowances serve various functions in accounting and taxation.
Meals and Incidental Expenses (M&IE) refer to the daily allowance for meals and other related costs incurred by employees during business travel, as defined by the federal government.
Reduced rates refer to prices that are lower than the standard or basic rate, frequently used as an incentive to attract new customers or through special allowances and discounts.
A fixed regular sum paid as a salary or allowance for services rendered, often associated with internships, apprenticeships, fellowships, or academic roles.
