Word of the Day: ALLOCATION

Allotment or apportionment

allocation (noun) - an amount or portion of a resource, usually money, assigned to a particular purpose or recipient; the act or state of allocating or distribution [al-uh-key-shuhn]

BREAKDOWN: AL- (to) + LOC- (place) + -ATION (process of)

• allocate means to distribute or set apart for a particular reason or intent

• misallocation is an improper or inefficient distribution of resources

See also: collocate

“Money is an information system for labor allocation.” —Elon Musk