1
as in subsidy
a sum of money allotted for a specific use by official or formal action
recognizing the importance of the arts in the health of a city, the council increased the allocation for the city's annual jazz festival
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2
as in distribution
the act or process of giving out something to each member of a group
the allocation of Halloween candy became my job when I was too old to go trick-or-treating myself
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Merriam-Webster unabridged
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