Business, Legal & Accounting Glossary

Definition: Allocate


Quick Summary of Allocate

To assign a whole item of cost, or of revenue, to a simple cost centre, account or time period.

What is the dictionary definition of Allocate?

Dictionary Definition

  1. To set aside for a purpose
  2. To distribute according to a plan, generally followed by the adposition “to”
  3. computing To set aside (as above), but specifically used to refer to the practice of making memory available within a computer program.

Synonyms For Allocate

assign, distribute, allot, apportion, share

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Allocate. Payroll & Accounting Heaven Ltd.
January 29, 2022
Chicago Manual of Style (CMS):
Allocate. Payroll & Accounting Heaven Ltd. (accessed: January 29, 2022).
American Psychological Association (APA):
Allocate. Retrieved January 29, 2022
, from website:

Definition Sources

Definitions for Allocate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th January, 2020 | 7 Views.