Simple English definitions for legal terms
Read a random definition: Walsh–Healey Act
A backhaul allowance is a discount given to customers who purchase goods from a seller's warehouse. This discount is given as a reflection of the seller's savings on freight costs. For example, if a customer buys products from a seller's warehouse instead of having them shipped from a farther location, the seller may offer a backhaul allowance to incentivize this behavior.
Another example of an allowance is a family allowance. This is a portion of a deceased person's estate that is set aside by law for their surviving spouse, children, or parents. This allowance is meant to provide temporary support for the surviving family members, regardless of any competing claims or testamentary dispositions.
Depletion allowance is another type of allowance. This is a tax deduction given to owners of oil, gas, mineral, or timber resources. The deduction corresponds to the reduced value of the property resulting from the removal of the resource.
Overall, an allowance is a share or portion of something that is assigned or granted. It can be a discount, a portion of an estate, a tax deduction, or even a special sum awarded by a court.