allocation JUST WRITTEN FOR YOU
/ˌælkəˈleɪʃən/ · al.loe.ca.tion
noun
- The process or procedure for allocating things, especially money or other resources. The allocation of new permits is on a first-come, first-served basis.
- The amount of something, such as money or resources, that is allocated for a particular purpose or use. The allocation for the new project was increased by 20%.
- A specific amount of something, such as time or resources, that is set aside for a particular activity or task. She had an allocation of two hours to complete the assignment.
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Did you know? The term 'allocation' is often used in business and economics to describe the process of assigning resources, such as money or personnel, to different projects or departments.