Leeway (noun)

1. The margin allowed for deviation from a course or standard.
2. The margin of freedom to move or act.

Origin:

1670s, from lee (n.1) + way (n.).

Examples:

1. The company is giving the new employees some leeway to experiment and try new things.
2. The project was completed on time, but with very little leeway for error.
3. The manager was giving her employees some leeway to make their own decisions.
4. The budget is tight, so there is very little leeway for extra expenses.
5. He was given some leeway to make changes to the design.