recallallowance
nounUK /rɪˈkɔːl əˈlaʊəns/
US /rɪˈkɔːl əˈlaʊəns/
A recall allowance is extra money set aside to pay for fixing or taking back something that turns out to be bad.
The toy company kept a recall allowance in case any of its robots broke.
OTHER MEANINGS
2. A planned amount of money a company saves for recalling faulty products.
The factory added a recall allowance to its yearly budget.
3. A store's budget for taking back and refunding broken items.
The shop used its recall allowance to pay back customers for the cracked cups.
4. An extra bit of money kept for fixing mistakes in something already sold.
They set aside a recall allowance before selling the new bikes.