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What does allocate mean?

Looking for the meaning or definition of the word allocate? Here's what it means.

Verb
  1. To set aside for a purpose
  2. To distribute according to a plan, generally followed by the adposition "to"
  3. (computing) To set aside (as above), but specifically used to refer to the practice of making memory available within a computer program.
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Examples
Instruct the budget committee to allocate some proportion of the funds to the service side of the organization, as they see fit.
An alternative would be to allocate a proportion of value added tax directly to local authorities.
In their attempts to stem cut-throat price competition, railway leaders repeatedly formed cartels to set prices and allocate traffic.
The new head of homeland security, Michael Chertoff, this week testified he wants to allocate more funds based on risk assessment.
This analysis allows the manager of change to allocate resources more effectively.
Accountants allocate a fixed amount of depreciation to each period, so it is reported as a fixed expense.

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