Allocations
/ˌæləˈkeɪʃənz/
Definitions
- (n.) The process or act of distributing resources, responsibilities, or rights among parties according to law or contract.
The court approved the allocations of the estate among the heirs.
- (n.) Designated portions of assets or liabilities assigned for accounting or legal purposes.
The financial report detailed the allocations of expenses across departments.
Forms
- allocation
Related terms
See also
Commentary
'Allocations' is commonly used as the plural of 'allocation'; see 'allocation' for the primary definitions.
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.