allocation means
Wiktionary (0.00 / 0 votes) Rate this definition: allocation (Noun). The process or procedure for allocating things, especially money or other resources. The allocation of new permits is on a first-come, first-served basis.n a general sense, distribution for employment of limited forces and resources among competing requirements. Specific allocations (e.g., air sorties, nuclear weapons, forces, and transportation) are described as allocation of air sorties, nuclear weapons, etc. See also allocation (nuclear); apportionment.