Definition, Meaning & Synonyms
allocate funds
verb phrase
ˈæl.ə.keɪt fʌndz
Definition
To set aside or assign a specific amount of money for a particular purpose or project.
Examples
- The government decided to allocate funds for education reform.
- She was tasked to allocate funds appropriately across different departments.
- The charity will allocate funds raised during the event to local food banks.
Meaning
The act of distributing financial resources for specific uses or intended outcomes.
Synonyms
- distribute resources
- assign funds
- apportion money
