Definition Of Allocated

definition for allocated

Salespeople should allocate time for work in each area of their business. contra asset account Try to allocate yourself a set time each day to practice your exercises.

„The Parks Council has allocated 10 hectares of XXX Park for community gardens. The garden was divided into 10 plots which were each allotted to a specific local charity.” I feel that things that are allocated are more pleasant than things that are allotted. Correct pronunciation for the word „allocated” is [ˈaləkˌe͡ɪtɪd], [ˈaləkˌe‍ɪtɪd], [ˈa_l_ə_k_ˌeɪ_t_ɪ_d].

  • Even at their best, all job boards do is allocate scarce talent resources; they don’t create them.
  • You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
  • Examples of indirect costs are equipment maintenance, production supervisor salaries, production utilities, production facility rent, and production equipment depreciation.
  • ERISA is designed to protect the interests of millions of Americans who participate in retirement plans.
  • The money was allocated to the cemetery between 2004 and 2010 but apparently was never spent.

Memory allocation is primarily a computer hardware operation but is managed through operating system and software applications. Memory allocation process is quite similar in physical and virtual memory management. Programs and services are assigned with a specific memory as per their requirements when they are executed.

This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. The definition of allocate is the act of portioning out something for a certain reason, or to a person or thing. The bulk of K–12 education funds are allocated to school districts that in turn pay for the cost of operating schools.

What Does Allocated Mean?

Like C, the C++ programming language permits for explicitly managed memory, but also provides optional memory management features such as GC . Before software can use your computer’s RAM, it requests a memory allocation from the operating system. The operating system attempts to accommodate the request, based on factors including how much memory is used by other software. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.

definition for allocated

Costs that have been divided up and assigned to periods, departments, products, etc. In depreciation it is the asset’s cost that is assigned to each of the years that the asset is in use. In cost accounting it is the assigning of common production costs to various production departments, product lines, individual products, activities. There are obviously specific signs for many words available in sign language that are more appropriate for daily usage.

Definition Of Allocate

Resource allocation includes managing tangible assets such as hardware to make the best use of softer assets such as human capital. Resource allocation involves balancing competing needs and priorities and determining the most effective course of action in order to maximize the effective use of limited resources and gain the best return on investment. Resource allocation is the process of assigning and managing assets in a manner that supports an organization’s strategic goals. Allocated fundsmeans funds awarded to the State of Utah on account of the Allocation Agreement. Allocated fundsmeans funds awarded to the State of South Carolina on account of the Allocation Agreement dated July 6, 2011, as amended, between the US Treasury and the State of South Carolina. Allocated funds are only disbursed to pay for actual services rendered.

definition for allocated

The company will also allocate at least $1.25 million over the next five years at offices across the U.S. to ensure pay equity in engineering jobs. Money from the sale of the house was allocated to each of the children.

Words Related To Allocated

Any allocation is based on an estimated relationship between the cost being assigned and the cost object to which it is assigned, which may not be valid. Thus, allocated costs tend to be viewed with some suspicion when using the information to arrive at operational decisions. This cost allocation system saves significant time by freeing accountants from performing cost allocation calculations each period, manually online bookkeeping preparing journal entries, and maintaining allocation tables. Using a basis for allocation, costs are spread to each business unit or cost center that incurred the cost based on their proportional share of the cost. For example, if headcount forms the basis of allocation for insurance costs, and there are 1000 total employees, then a department with 100 employees would be allocated 10% of the insurance costs.

Defined-contribution plans consist of an employee making regular contributions to their retirement plan, which is a percentage of their salary. There is no defined amount of what the value of the payment will be upon retirement because the value of the investments will fluctuate and the beneficiary will receive whatever the amount is when they withdraw the funds. Benefits are allocated to plan participants once the insurance company has received premium payments. You usually hear about the government allocating funds for education or the military, but you may personally allocate some of your allowance to buying comic books. As business units begin seeing the cost of the services they consume, they can make more informed choices—such as trade-off decisions between service levels and costs, and benchmarking internal costs against outsourced providers. Cost allocation is the distribution of one cost across multiple entities, business units, or cost centers.

Regardless of the fluctuations of the value of the investments, the beneficiary is to receive the defined amount upon retirement. While ERISA definition for allocated does not require a company to have a retirement plan, it does establish rules and policies for employers who do provide these plans.


But how the funds will be allocated is still unclear, and critics have begun speaking out, reports CNN. These investments build upon the initial $500 million allocated from the fund this summer to develop a strong infrastructure for prevention and primary care. Here you will find one or more explanations in English for the word Allocated. Also in the bottom left of the page several parts of wikipedia pages related to the word Allocated and, of course, Allocated synonyms and on the right images related to the word Allocated. Helping you navigate the world of insurance by bringing you expert advice and all the current information you need to make the best insurance decisions for you, your family and your business.

Images & Illustrations Of Allocated

Allocated benefits provide the employees who participate in that plan with an added level of security and stability. Because the benefits that have been purchased are paid up, the employees can rest assured that they will receive those benefits even if their former employer goes bankrupt. This means retirement plan participants do not have to worry that they may be left without recourse should the plan experience some sort of unforeseen disaster. Allocated benefits provide guaranteed retirement income to plan participants that are ultimately backed by the insurance carrier and the Pension Benefit Guaranty Corporation . The PBGC is a nonprofit organization that acts as an agency of the federal government. This term can also refer to the maximum amount that can be paid for a given service that is itemized in a contract. A somewhat similar concept is the “benefit allocation method.” This method refers to the process of funding a pension plan by using one premium payment to claim one benefit unit for a designated time period.

Under an effective cost allocation methodology, business units become directly accountable for the services they consume. As a result, both the service provider and the respective consumers of that service become aware Certified Public Accountant of service requirements and usage, and how such usage influences the costs incurred. Traditionally, companies primarily only had defined benefit plans, as they were the main source of payments during retirement.

However, over time, defined contribution plans have become more popular and more common. This also means the risk has shifted from the employer to the employee because the employer is no longer accountable to pay out a defined amount. The PBGC makes these payments by drawing upon funds accrued via insurance premiums submitted by employers who have qualifying retirement plans. BlackLine’s Journal Entry Management system provides an automated solution for the creation, review, approval, and posting of journal entries. For cost allocations, allocation tables based on specified percentages or set dollar amounts can be created or imported into the product. ERISA is designed to protect the interests of millions of Americans who participate in retirement plans.

Hartford Decide$ is the state’s first participatory budgeting program, which gives residents the opportunity to allocate public money. Often, real estate professionals will disproportionately allocate a much higher marketing budget for print marketing over digital marketing.

/ If one item or share of something is allocated to a particular person or for a particular purpose, it is given to that person or used for that purpose. An example of allocate is when a boss schedules a certain amount of time each morning in order to go over the day’s business with their employees.

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