Source : Webster's Revised Unabridged Dictionary (1913)

Parcel \Par"cel\, v. t. [imp. & p. p. {Parceled}or {Parcelled};
   p. pr. & vb. n. {Parceling} or {Parcelling}.]
   1. To divide and distribute by parts or portions; -- often
      with out or into. ``Their woes are parceled, mine are
      general.'' --Shak.

            These ghostly kings would parcel out my power.
                                                  --Dryden.

            The broad woodland parceled into farms. --Tennyson.

   2. To add a parcel or item to; to itemize. [R.]

            That mine own servant should Parcel the sum of my
            disgraces by Addition of his envy.    --Shak.

   3. To make up into a parcel; as, to parcel a customer's
      purchases; the machine parcels yarn, wool, etc.

   {To parcel a rope} (Naut.), to wind strips of tarred canvas
      tightly arround it. --Totten.

   {To parcel a seam} (Naut.), to cover it with a strip of
      tarred canvas.

Parceling \Par"cel*ing\, n. [Written also parcelling.]
   1. The act of dividing and distributing in portions or parts.

   2. (Naut.) Long, narrow slips of canvas daubed with tar and
      wound about a rope like a bandage, before it is served;
      used, also, in mousing on the stayes, etc.

Source : WordNet®

parceling
     n : the act of distributing by allotting or apportioning;
         distribution according to a plan; "the apportionment of
         seats in the House of Representatives is based on the
         relative population of each state" [syn: {allotment}, {apportionment},
          {apportioning}, {allocation}, {parcelling}, {assignation}]