Source : Webster's Revised Unabridged Dictionary (1913)

Allocate \Al"lo*cate\, v. t. [LL. allocatus, p. p. of allocare,
   fr. L. ad + locare to place. See {Allow}.]
   1. To distribute or assign; to allot. --Burke.

   2. To localize. [R.]

Source : WordNet®

allocate
     v : distribute according to a plan or set apart for a special
         purpose; "I am allocating a loaf of bread to everyone on
         a daily basis"; "I'm allocating the rations for the
         camping trip" [syn: {apportion}]