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Translate files Allocation
/ˌæləˈkeɪʃən/
Meaning & Definition
noun
The action or process of allocating or distributing something.
The allocation of funds for the new project was approved by the board.
An amount of something that is allocated.
Each department received an allocation from the central budget.
The decision about how resources are distributed among various uses.
The allocation of resources in the organization must be reviewed every quarter.
Etymology
From Latin allocare, meaning 'to set apart, to assign, to place'.
Common Phrases and Expressions
resource allocation
The process of distributing available resources among various projects or departments.
budget allocation
The process of dividing an organization's budget for different functions or projects.
capital allocation
The process of deciding how to allocate financial resources to different investments.
Related Words
allocate
To distribute resources or duties for a specific purpose.
allocator
A person or entity that allocates resources or responsibilities.
Slang Meanings
A share or cut of something, often used in informal contexts.
They gave me my allocation of the project budget.