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The apportionment or designation of an item for a specific purpose or to a particular place.In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as income to be paid to the beneficiary. The allocation of stock dividends generally means that such dividends will be added to the shares of stock held as principal, thereby increasing its size.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

ALLOCATION, Eng. law. An allowance upon account in the Exchequer; or rather, placing or adding to a thing. Ency. Lond.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The corporation allocates total workers' comp costs in proportion to the division's share of total lost days for the entire corporation.
According to the ILLS, the taxpayer was not using a burden rate method, because it did not allocate costs to specific inventory items.
A donor therefore cannot allocate GST exemption to a grantor retained annuity trust or qualified personal residence trust--where the trust property is included in her gross estate if she dies before her retained interest in the trust terminates--until the estate tax inclusion period ends (when the grantor dies, a generation-skipping transfer occurs with respect to the property, or the grantor's retained interest in the trust expires).
Under a traditional ESOP, an ESOP trust borrows money to buy stock, holds the stock as collateral in a suspense account and allocates it over the term of the loan according to one of the formulas Treasury regulations permit.
704(c) allocates the BIG or BIL to the contributing partner.
Finally, to allocate tolerable misstatement amounts to the various account balances, the separate values outside the left margin were summed to 63 (5.8 + 13.4 + 9.8 + 9 + 9 + 8 + 8).
They generally allocate this income to the state based on the proportion of the total number of working days employed in the state to the total number of working days employed both within and outside of the state.
However, there are several instances in which a transferor would not want to allocate his or her GST exemption.
Method 1: Allocate on the basis of activity-based costs.
Year 4: In year 4, Fats needs additional tax deductions; thus, the partners agree to allocate 80% of the depreciation deductions to Fats and 20% to Waller.
Such syndicators otherwise would have been precluded from recognizing fee income on services performed for the partnerships; rather, the syndicators would have been required to allocate the costs of performing the services to the carrying amounts of their partnership interests.
In order to determine net foreign source income, the taxpayer must allocate expenses between U.S.