What does it mean to allotment?
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What does it mean to allotment?
Definition of allotment 1 : the act of allotting something : apportionment The allotment of a full page in the newspaper to each candidate is fair. 2 : something that is allotted an allotment of time especially, chiefly British : a plot of land let to an individual for cultivation.
What is an example of allocation?
Allocation is defined as the act of being portioned out for a certain reason. An example of allocation is when one refers to how the school fund-raising money is to be used for new computers. An example of allocation is when a company portions out their expenses and attributes a certain amount to each division.
What does share allocation mean?
Share allotment is the creation and issuing of new shares, by a company. New shares can be issued to either new or existing shareholders. Typically, new shares are allotted to bring on new business partners.
What is the meaning of land allotment?
(əlɒtmənt ) Word forms: plural allotments. 1. countable noun. In Britain, an allotment is a small area of land in a town which a person rents to grow plants and vegetables on.
What is allotted with example?
The definition of allotted means to have put aside for a particular reason. Allotted is defined as to have given out a certain amount. An example of something that was allotted is pizza that was given out equally to a group of diners.
How do you use allotted?
(1) They allotted a separate desk to everyone. (2) Each passenger slept on the berth allotted to him. (3) We were allotted a house to live in. (4) The seats are allotted to the candidates who have won the most votes.
What is allocation in simple terms?
An allocation is an amount of something, especially money, that is given to a particular person or used for a particular purpose.
What should I put for allocation?
Percent: The amount distributed to the account will equal the employee’s net pay multiplied by the allocation percentage you enter in the \% field. For example, $1,000 x 20\% = $200. The amount will fluctuate depending on net pay for the payroll period.
The key difference between allotment and issue of shares is that an allotment is a method of share distribution in a company whereas share issue is the offering of the ownership of the shares to shareholders to hold, and later transfer to another investor.
Allotment of Shares : Allotment of shares means acceptance of share applied. Allotment letters are issued to the shareholders. The name and address of the shareholders submitted to the Registrar.
What is an allotment in law?
A portion, share, or division. The proportionate distribution of shares of stock in a corporation. The partition and distribution of land.
What is an allotment order?
allotment order means the order issued by the LESSOR confirming the allotment of plot, with specific terms and conditions.