apportionment

  

Definitions (3)

1.Economics: Division and sharing carried out according to a plan or formula.
2.Accounting: Division of income and expenses in certain proportion and, in contrast to an allocation, over two or more accounts, departments, or entities.
3.Law: Division and distribution of assets and/or liabilities in proportion to the rights and interests of the parties involved.

Use apportionment in a sentence

  • The parcel of land was divided among the parties according to the apportionment agreement drawn up and mandated by the most recent court decision.

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  • When dividing up the apportionment of your recent profits you should have a good accountant on hand to get things done right.

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  • If you need to split up some profits using apportionment can help make sure everyone gets their fair share with no problems.

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