Meaning & Definition of word "Allocation"
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Allocation
/ˌæləˈkeɪʃən/
noun:
- 1. The action or process of allocating or distributing something.
- Example: The allocation of funds for the new project was approved by the board.
- 2. An amount of something that is allocated.
- Example: Each department received an allocation from the central budget.
- 3. The decision about how resources are distributed among various uses.
- Example: 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 of allocation
Meaning: A share or cut of something, often used in informal contexts.
Example Sentence: They gave me my allocation of the project budget.