apportionment Meaning in the Cambridge English Dictionary

Meaning of “apportionment” in the English Dictionary

"apportionment" in Business English

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apportionmentnoun [C or U]

uk   us   /əˈpɔːʃənmənt/
the ​act of sharing something between several ​people or ​organizations: The apportionment ofresources within the ​healthservice is very complicated.
INSURANCE, LAW the ​act of deciding how ​responsible each ​person or ​organization is for something and therefore how much of the ​costs they or their ​insurancecompany should ​pay: the apportionment of blame/​liability
ACCOUNTING the ​act of ​dividingcosts between different ​accounts in a ​fair way, or the ​amount that is put into each ​account
PROPERTY an ​agreement between the ​buyer and ​seller of a ​property to ​share the ​costs of the ​property during the ​time that the ​sale is being completed
(Definition of apportionment from the Cambridge Business English Dictionary © Cambridge University Press)
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“apportionment” in Business English

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