Definition, Meaning & Synonyms

fund-allocation

Noun

/fʌnd ˌæl.əˈkeɪ.ʃən/

Definition

The process of distributing financial resources among various sectors, projects, or departments based on predefined criteria.

Examples

The fund allocation for the new community center was generously approved by the city council.
Effective fund allocation is crucial for the success of non-profit organizations.
During the budget meeting, the team discussed how to improve their fund allocation strategies.

Meaning

Fund allocation refers to how money is designated for specific purposes within an organization or government, ensuring that resources are used efficiently and effectively.