You are on page 1of 1

Definition of Terms

Allowance - the amount of money that is permitted, especially within a set of regulations or for a
specified purpose.

Expenditure - Payment of cash or cash-equivalent for goods or services, or


a charge against available funds in settlement of an obligation

Manegement- the process of dealing with or controlling things

Money - To pay a thing and usually in exchange for goods or services.

You might also like