al·lot·ment / əˈlätmənt/ • n. the amount of something allocated to a particular person: the gadget shuts off the television set when a kid has used up his allotment. ∎  chiefly hist. a piece of land deeded by the government to an American Indian. ∎  the action of allotting.

ALLOTMENT

A portion, share, or division. The proportionate distribution of shares of stock in a corporation. The partition and distribution of land.