Allowances

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • allotments
  • allocations

Definition of Allowances

  1. An amount of something that is permitted or within guidelines.
  2. Money set aside by builders for amenities or services such as driveways, landscaping, carpeting, and fixtures. These amenities are usually standard, but they can have optional designs.

Related Terms and Acronyms

  • Builder Upgrades Definition,
    • Refined features or materials that a builder offers for an extra charge.
  • Speculation Home Definition,
    • A house built before a buyer has been found, on the assumption that one will be found.
  • Fixture Definition,
    • Personal property that becomes real property when it is attached to a building. Examples include chandeliers, built-in bookcases and cabinets and drapery rods.
  • Semi-custom Home Definition,
    • A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
  • Custom Builder Definition,
    • A contractor that constructs or remodels houses based on plans submitted by the client.
  • Upgrades Definition,
    • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
  • Speculation Builder Definition,
    • A developer that builds houses without a commitment from a purchaser.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage