allocation Meaning in the Cambridge English Dictionary
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Meaning of “allocation” in the English Dictionary

"allocation" in American English

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allocationnoun [C/U]

 us   /ˌæl·əˈkeɪ·ʃən/
the ​act or ​process of giving out ​parts of a ​whole, or a ​part given out in this way: [U] The allocation of ​space in this ​office is ​unusual.
(Definition of allocation from the Cambridge Academic Content Dictionary © Cambridge University Press)

"allocation" in Business English

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allocationnoun

uk   us   /ˌæləˈkeɪʃən/
[U] the ​act of deciding ​officially which ​person, ​company, ​area of ​business, etc. something should be given to, or what ​share of a ​totalamount of something such as ​money or ​time should be given to someone to use in a particular way: resource/​time allocation The ​company is ​holding a ​review into the ​optimal allocation of a salesperson's ​time. allocation of capital/funds/resources The ​move will ​lead to more ​efficientpricing and allocation of ​capital.
[C] the ​share of a ​totalamount of something given to a ​person, ​company, etc.: The ​program is ​financed with a $5 ​billionannual allocation.
[C or U] (also allotment) STOCK MARKET the ​number of new ​shares that are ​offered to each possible ​buyer, or the ​process of ​offering them: The ​rules on ​performance-related share allocations are extremely complex. Each ​individualinvestor got an allocation of 294 ​shares.
[C or U] ACCOUNTING a ​cost or an ​amount that is put in a particular ​place in a company's ​accounts, or the ​process of putting it there
(Definition of allocation from the Cambridge Business English Dictionary © Cambridge University Press)
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“allocation” in Business English

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