GLOSSARY

Allowance

Allowance means a sum granted as a reimbursement or repayment or a deduction from the gross weight or value of goods.

What is Allowance?

Allowance means a sum granted as a reimbursement or repayment or a deduction from the gross weight or value of goods. It provides a discount on freight charged to customers (typically) based on how much they purchase. Allowances can be a set dollar amount or a percentage. Allowances are most often used as buying incentives.

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