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English definition of “allotment”

allotment

noun [C or U]     /əˈlɒtmənt/
the process of sharing something, or the amount or share of something that someone or something is given: The trade body labeled as illegal last year's allotment of $3.2 billion in cotton subsidies.
STOCK MARKET the amount of shares that someone is given when new shares are being made available: an allotment of 200 bonus shares
→ See also letter of allotment
(Definition of allotment noun from the Cambridge Business English Dictionary © Cambridge University Press)
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