allocate (third-person singular simple present allocates, present participle allocating, simple past and past participle allocated)
1.to set apart for a particular purpose; assign or allot, to allocate funds for new projects.
2.to fix the place of; locate.
1. to assign or allot for a particular purpose
2. a less common word for locate (sense 2) Derived Formsallocatable, adjective Word OriginC17, from Medieval Latin allocāre, from Latin locāre to place, from locus a placeCollins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollinsPublishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 Cite This Source
1630s, from verbal used of adjective allocate (mid-15c. in legal use), from Medieval Latin allocate (the common first word of writs authorizing payment), imperative plural of allocare "allocate," from Latin ad- "to" (see ad-) + locare "to place" (see locate). Related, Allocated; allocating.
We allocate scarce resources by pricing them.
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