What is allot definition?

Allotment is the act of distributing something, usually land or money, to a person or group. It involves assigning a portion of a resource that is considered equal or fair to each person or party involved. Allotment can be carried out by an individual, a government entity, or a private organization. It is often used in the context of land use planning, where a specific plot of land is divided among different groups or individuals for a particular purpose, such as farming, housing, or conservation. In finance, allotment refers to the process of distributing securities among investors who have subscribed to an initial public offering (IPO) or a new share issuance.