Definition of “allotment” - English Dictionary

“allotment” in British English

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allotmentnoun

uk /əˈlɒt.mənt/ us /əˈlɑːt.mənt/

(Definition of “allotment” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“allotment” in Business English

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allotmentnoun [ C or U ]

uk /əˈlɒtmənt/ us

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

(Definition of “allotment” from the Cambridge Business English Dictionary © Cambridge University Press)