NOUN | possession | valuation account, valuation reserve, allowance, allowance account | a reserve fund created by a charge against profits / profits in order to provide for changes in the value of a company's assets |
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Meaning | A reserve fund created by a charge against profits / profits in order to provide for changes in the value of a company's assets. | |
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Synonyms | valuation reserve, allowance, allowance account | |
Broader | reserve account, reserve fund | funds taken out of earnings to provide for anticipated future payments |
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