Definition of Allocation:
Finance: An authorization to incur expense or obligation up to a specified amount, for a specific purpose, and within a specific period.
The action or process of allocating or distributing something.
The amount so authorized.
Synonyms of Allocation
Allotment, Assignment, Issuing, Issuance, Awarding, Grant, Granting, Administration, Allotment, Appointment, Apportionment, Appropriation, Arrangement, Array, Arraying, Assignment, Attribution, Collation, Collocation, Constitution, Denomination, Deployment, Deposit, Deposition, Designation, Determination, Disposal, Disposition, Distribution, Earmarking, Emplacement, Fixing, Form, Formation, Formulation, Lading, Loading, Localization, Locating, Location, Marshaling, Order, Ordering, Packing, Pinning down, Pinpointing, Placement, Placing, Positioning, Posting, Precision, Putting, Regimentation, Reposition, Selection, Setting aside, Signification, Situation, Specification, Spotting, Stationing, Stipulation, Storage, Stowage, Structuring, Syntax, Tagging
How to use Allocation in a sentence?
- The budget and finance committee increased the allocation for member education this year after several industry changes required new skill development.
- Allocation of fees were being authorized by the board of directors who set up specific rules about the purpose that those fees served in the grand scheme of things.
- While traveling to a conference, in another state, for a training I received an allocation for food and lodging that helped immensely with costs.
- More efficient allocation of resources.
Meaning of Allocation & Allocation Definition