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What does allocation mean?

Looking for the meaning or definition of the word allocation? Here's what it means.

Noun
  1. The process or procedure for allocating things, especially money or other resources.
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Peter Sweeney has welcomed the allocation, which will provide accommodation for 40 vehicles.
Land boards, composed of elected and appointed members, administer the allocation of tribal land.
To avoid this, ML reassigned the allocation of one patient, chosen at random, within each batch, before we reverted to minimisation.
This allocation would be made in a way that was most advantageous to shareholders, Mr Goodyear said.
Remember that basically the only value they add to the joint ventures is their ability to get the quota allocation.
The period since World War II has witnessed dramatic changes in the preferences of individuals and their allocation of time and resources.

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