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