allotment Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “allotment” - English Dictionary

"allotment" in British English

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allotmentnoun

uk   /əˈlɒt.mənt/  us   /-ˈlɑːt-/
  • allotment noun (GROUND)

[C] UK a ​smallpiece of ​ground in or just ​outside a ​town that a ​personrents for ​growingvegetables, ​fruits, or ​flowers
(Definition of allotment from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"allotment" in Business English

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allotmentnoun [C or U]

uk   us   /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 ​bonusshares
(Definition of allotment from the Cambridge Business English Dictionary © Cambridge University Press)
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“allotment” in Business English

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