a tax reduction allowed on income from exhaustible resources, as oil or timber.
Did You Know How This Word Was Formed?Words are funny things. Here are some that might not mean what you thought ... at least when they were originally formed.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Culture definitions for depletion allowance
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.