LIVING ALLOWANCE Meaning and
Definition
-
Living allowance refers to a specific amount of money or a stipend provided on a regular basis to an individual, typically for their sustenance and basic needs. It is an allowance granted to cover necessary living expenses such as food, accommodation, utilities, transportation, and other essential costs. The purpose of a living allowance is to assist individuals in meeting their day-to-day needs, especially when they are in a specific situation that may not allow them to generate sufficient income to sustain themselves adequately.
Living allowances are often offered to individuals in various circumstances, including students, interns, trainees, volunteers, and individuals participating in certain programs or initiatives. These allowances can be funded by educational institutions, government entities, non-profit organizations, or private entities. The specific amount of a living allowance can vary depending on factors such as the cost of living in a particular area, the duration of the program, the financial capacity of the funding organization, and the intended purpose of the allowance.
Living allowances are designed to provide recipients with a basic level of financial support, ensuring that they can cover their essential needs while focusing on their academic studies, professional development, or other tasks at hand. It aims to reduce the financial burden on individuals in certain situations, allowing them to better concentrate on achieving their goals or objectives without worrying excessively about surviving on limited financial resources.
Common Misspellings for LIVING ALLOWANCE
- kiving allowance
- piving allowance
- oiving allowance
- luving allowance
- ljving allowance
- lkving allowance
- loving allowance
- l9ving allowance
- l8ving allowance
- licing allowance
- libing allowance
- liging allowance
- lifing allowance
- livung allowance
- livjng allowance
- livkng allowance
- livong allowance
- liv9ng allowance
- liv8ng allowance
- livibg allowance
Etymology of LIVING ALLOWANCE
The term "living allowance" combines two words: "living" and "allowance".
1. "Living" originates from Old English "lifian" and "licgan", which mean "to be alive" and "to exist" respectively. It has roots in the Proto-Germanic word "libēną" and is related to the Old Norse "lifr" and Old High German "libēn". Over time, "living" evolved to refer to the condition of being alive or the manner in which one lives.
2. "Allowance" comes from the Old French term "alouance", meaning "approval" or "allocation". This term derived from the verb "allouer" which meant "to assign" or "to grant". In turn, "allouer" came from the Latin word "allaudare" meaning "to praise or applaud".
