Definitions (2)

1.Finance: An authorization to incur expense or obligation up to a specified amount, for a specific purpose, and within a specific period.
2.The amount so authorized.

Use allocation in a sentence

  • The budget and finance committee increased the allocation for member education this year after several industry changes required new skill development.

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  • Allocation of fees were being authorized by the board of directors who set up specific rules about the purpose that those fees served in the grand scheme of things.

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  • While traveling to a conference, in another state, for a training I received an allocation for food and lodging that helped immensely with costs.

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