1. the action or process of allocating or distributing something: "more efficient allocation of resources"Similarallotmentassignmentissuingissuanceawardinggrantgrantingadministrationearmarkingdesignationsetting asidebudgetingsharing outapportionmentdistributionhanding outdealing outdoling outgiving outparceling outrationing outdividing outdividing updispensationmeasuring outmeting outinformal:divvying updishing out