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Allocate (Verb) [T]
|ˈaləˌkāt|

Definition:
To decide officially that a particular amount of money, time, etc. should be used for a particular purpose.

Examples:
DuPont has allocated funds to build four new plants in Asia.
We need to allocate more resources to this project to meet the deadline.

Derivatives:
– our budget allocation has been cut (noun)