To allocate is to set aside a certain amount of money for an expense. You usually hear about the government allocating funds for education or the military, but you may personally allocate some of your allowance to buying comic books.

Aside from money, a common thing to allocate is time: "The old woman in the shoe had so many children she could only allocate 2.7 minutes per day to talk to each one individually." Resources are also often allocated. Teachers, for example, are continuously allocating their year's supply of resources so they don't run out of glue sticks and paper before the end of the school year.

Definitions of allocate
  1. verb
    distribute according to a plan or set apart for a special purpose
    “I am allocating a loaf of bread to everyone on a daily basis”
    “I'm allocating the rations for the camping trip”
    synonyms: apportion
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    reallocate, reapportion
    allocate, distribute, or apportion anew
    ration, ration out
    distribute in rations, as in the army
    award, present
    give, especially as an honor or reward
    present someone with a certificate
    bestow, confer
    type of:
    allot, assign, portion
    give out
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