to allocate / allocation

When you allocate, you decide how to use something. Businesses need to allocate their budget carefully, so that each department receives the right proportion of the available funding. Of course, departments often complain that their allocation is too small. In your studies, you need to ensure that your time is allocated sensibly, so that you don’t waste a lot of time doing one thing and have no time left for everything else

The company allocates 10% of profits to research and development. Last year’s allocation exceeded $10m.

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