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allocation

Allocation is the act of being portioned out for a certain reason. (noun)

An example of allocation is when one refers to how the school fund-raising money is to be used for new computers.

Allocation is a process in Business and Accounting. (noun)

An example of allocation is when a company portions out their expenses and attributes a certain amount to each division.

Allocation is a process in the social welfare system. (noun)

An example of allocation is when a Social Services Department takes a potential client and assigns them a specific worker, changing their position to a case.

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See allocation in Webster's New World College Dictionary

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