Allocation

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Allocation

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.