Meaning & Definition of word "Allocation"

Allocation

/ˌæləˈkeɪʃən/

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.

●From Latin allocare, meaning 'to set apart, to assign, to place'.

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.

allocate:

To distribute resources or duties for a specific purpose.

allocator:

A person or entity that allocates resources or responsibilities.

Meaning: A share or cut of something, often used in informal contexts.

● Example Sentence: They gave me my allocation of the project budget.