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Thread: against??

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    #1

    Lightbulb against??

    Here is the sentence." we provide an allowance against amounts receivable to reduce the net recognized receivable to the amount we reasonably believes will be collected."
    I am always confused about any phrases with "against". In this case, what " an allowance against" mean?

    Thanks!
    Zoey

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    #2

    Re: against??

    Quote Originally Posted by ZOEYW View Post
    Here is the sentence." we provide an allowance against amounts receivable to reduce the net recognized receivable to the amount we reasonably believes will be collected."
    I am always confused about any phrases with "against". In this case, what " an allowance against" mean?

    Thanks!
    Zoey
    I am not surprised you are confused!! The sentence is very badly phrased, with both jargon and spelling errors.
    I am not an accountant, but let me explain what I believe the sentence means.

    We are owed several sums of money, which we call the "amounts receivable"
    However, we don't expect to be able to collect all of the money we are owed. The lesser total we actually expect to be able to collect is called the "net recognised receivable".
    We calculate the difference between the two amounts, and then we apply it [probably as a percentage] as an "allowance against" any future amounts we are owed , so that we can anticipate how much we will actually collect.

    In this context, "against" means "to be deducted from".
    I'm not a teacher of English, but I have spoken it for (almost) all of my life....

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    #3

    Re: against??

    It looks like a sentence designed to be impregnable, with the added bonus of the error we...believes. Where did you get it from?

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