The phrase "allowance for loan" is correct and usable in written English.
It can be used in financial contexts, particularly when discussing provisions or considerations made for loans in budgeting or accounting.
Example: "The company has set aside an allowance for loan defaults in its financial statements to account for potential losses."
Alternatives: "provision for loan" or "reserve for loan".
§ 621.5 Accounting for the allowance for loan losses and chargeoffs.
Total allowance for loan losses now stands at $1.1 billion.
That brings the total allowance for loan losses to 5.6percentt of total loans.
In computing the maximum deductible, valuation accounts such as the allowance for loan losses cannot be considered.
Credit-related income was positively affected by an increase in home prices, a decline in serious delinquency rates, and updated assumptions and data used to estimate the company's allowance for loan losses in 2013.
Bills that go unpaid have to be written off eventually as uncollectible; the larger the percentage of such bills, the greater the amount a financial institution must reserve as an allowance for loan losses.
They should have drilled into allowances for loan losses, and they should have been especially alert for signs that the banks were playing games when they sold loans.
The law also provides limited allowances for loan fees, dependent-care costs, expenses for disabled students, and certain travel and living expenses, among other items.
Since the allowance for possible loan losses (APLL) is the first line of defense against loan deterioration, we are taking additional steps to assess the adequacy of a bank's APLL relative to the total risk in its portfolio.
The Room/Board/Personal Allowance includes a $220 allowance for Federal Stafford Loan fees.
Requirements for large increases in the allowance for possible future loan losses based on "worst case" assumptions, along with pressure to sell sound earning assets to meet new capital requirements (more difficult to achieve because of the write-downs) are part of the problem.
