allocational·lo·ca·tion /ˌæləˈkeɪʃən/ noun1[countableC, uncountableU] the amount or share of something allocated to a person or organization, or the act of deciding how much of something each person or organization should getNew airlines at the airport are being given priority in the allocation of take-off and landing slots.
→ resource allocation2[countableC]ACCOUNTINGFINANCE an amount, cost, or expense allocated to a particular part of a company’s accountsIts per-share earnings rose to $1.09 after excluding extraordinary items and allocations to reserves.
→ cost allocation3[countableC]FINANCE the number of shares allocated to each possible buyer when new shares are first made availableThey will be sent details of their share allocation and will receive a minimum of 450 shares each.