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What is an allocator?

What is an allocator? Here are some definitions.

Noun
  1. One who, or that which, allocates.
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November 6, 2002: A logic error in the pool kernel memory allocator could cause memory corruption in low-memory situations, causing the system to crash.
It also acts as the primary allocator of capital and credit, by intermediating between savers and borrowers.
From these beginnings came the key concept of an operating system as a resource allocator.
Remarks: Sets DHCP allocator parameters for an interface specified by name.
Mr. Chazen, who previously served as chief financial officer, won the support of many investors because he was viewed as a smart allocator of capital and efficient manager of new projects.
In order to increase the capacity usage of the furnaces, this material allocator groups bars together taking into account all material constraints.

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