Define: Allocate

UK 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.


Full Definition of Allocate


Allocate FAQ's

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. November 18, 2019
Chicago Manual of Style (CMS):
Allocate. Payroll & Accounting Heaven Ltd. (accessed: November 18, 2019).
American Psychological Association (APA):
Allocate. Retrieved November 18, 2019, from website:

Definition Sources

Definitions for Allocate are sourced/syndicated from:

This glossary post was last updated: 23rd December 2018.