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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.

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

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