From Longman Dictionary of Contemporary Englishallocational‧lo‧ca‧tion /ˌæləˈkeɪʃən/ ●○○ AWL noun 1 [countable]SHARE the amount or share of something that has been allocated for a particular purpose Twelve hours a week seemed a generous allocation of your time.2 [uncountable]DECIDE the decision to allocate something, or the act of allocating itallocation of the allocation of funds to universities
Examples from the Corpus
allocation• The next step was to devise a budget allocation procedure that reflected the health needs of different areas.• Schools will be given cash allocations per student.• 50% of the fund will be available for allocation this year.• Governments caring sufficiently about redistribution might still prefer inefficient allocations with greater vertical equity.• The management of resource allocation involves giving attention to all these matters and how they affect roles at different hierarchical levels.• Some families lie about the number of people in their household in order to get larger food stamp allocations.• I just know who got the money and who approved the allocations.• Does the allocation plan ensure that learners' holidays are known well in advance?• The allocation for atomic research has been doubled.• Most of these allocations were for parks and recreation projects.• Special ticket allocations were made for members of the company and their guests.From Longman Business Dictionaryallocational‧lo‧ca‧tion /ˌæləˈkeɪʃən/ noun1[countable, uncountable] 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.2[countable]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.3[countable]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. 