Definition, Meaning & Synonyms
allocate-money
Verb
ˈæl.ə.keɪt ˈmʌn.i
Definition
To distribute or designate money for a specific purpose or project.
Examples
- The government decided to allocate money for new schools in the district.
- She had to allocate money from her savings for the emergency repairs.
- It’s important to allocate money wisely to ensure financial stability.
Meaning
To assign a certain amount of money to a particular task, project, or group so that it can be effectively utilized.
Synonyms
- Assign funds
- Distribute resources
- Apportion money
- Designate cash
