al·lo·cate
 /ˈæləˌkeıt/  verb  , -cates, -cat·ed, -cat·ing [  + obj  ]
  : to divide and give out (something) for a special reason or to particular people, companies, etc.
   allocate funds among charities
   Money from the sale of the house was allocated to each of the children.
   We need to determine the best way to allocate our resources.
   Have enough funds been allocated to finance the project?
  al·lo·ca·tion /ˌæləˈkeıʃən/  noun  ,  pl   -tions [  noncount  ]
   the allocation of funds
   asset allocation
  [  count  ]
   asset allocations