Allocation Policy
/ˌæl.əˈkeɪ.ʃən ˈpɒl.ɪ.si/
Definitions
- (n.) A legal or regulatory framework that governs the distribution and assignment of resources or benefits among parties.
The allocation policy determined how the bankruptcy estate's assets were distributed among creditors.
- (n.) A policy established by an organization or authority directing the prioritization and apportionment of limited resources, often in compliance with law.
The city council's allocation policy prioritized affordable housing funds for low-income families.
Forms
- allocation policy
- allocation policies
Related terms
See also
Commentary
Allocation policies are often subject to statutory or contractual constraints and can significantly impact rights and obligations; drafting should clearly specify criteria and procedures to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.