allocation /ˌæl.əˈkeɪ.ʃən/ noun3 •The process or procedure for allocating things, especially money or other resources.The allocation of new permits is on a first-come, first-served basis. •That which is allocated; allowance, entitlement.The farmer received his full allocation of water from the government. •Restriction of an embryonic cell and its clonal descendants to a particular cell type or body region. formsallocations