verb (used with object), allocated, allocating.
to set apart for a particular purpose; assign or allot: to allocate funds for new projects.
to fix the place of; locate.

1630–40; < Medieval Latin allocātus (past participle of allocāre), equivalent to al- al- + loc(us) place + -ātus -ate1

allocator, noun
deallocate, verb (used with object), deallocated, deallocating.
reallocate, verb (used with object), reallocated, reallocating.
unallocated, adjective

1. See assign. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
allocate (ˈæləˌkeɪt)
1.  to assign or allot for a particular purpose
2.  a less common word for locate
[C17: from Medieval Latin allocāre, from Latin locāre to place, from locus a place]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1630s, from adj. (mid-15c.), from M.L. allocate (the common first word of writs authorizing payment), imperative plural of allocare "allocate," from L. ad- "to" + locare "to place" (see locate).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The government allocates to the automobile giants money under modernization of
The gov t allocates frequencies to prevent chaos but does not subsidize one
  type of cell phone over another.
The answer returns us to the nature of information processing, and the perverse
  way in which the brain allocates our attention.
The teaching revenue is calculated by the money the state allocates to
  universities per credit-hour of teaching.
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