Meaning & use

allocate funds

phrase·Academicformal

Last updated

UK/ˌæləkeɪt ˈfʌndz/
US/ˌæləkeɪt ˈfʌndz/

Meanings

  1. phrasetransitiveformal

    to officially give a particular amount of money to a person, group, or purpose

    Grammar: Takes an object: allocate funds for a project. Often followed by to or for.

    Patterns

    • allocate funds to someone/something
    • allocate funds for something
    • allocate funds among someone

    The government will allocate funds to rural schools next year.

    The board decided to allocate funds for a new library.

    We need to allocate funds carefully among the three departments.

  2. phrasetransitivebusinessfinance

    to set aside money in a budget for a specific future use

    Grammar: Often used in business and finance contexts; can be passive: funds were allocated.

    Patterns

    • allocate funds in advance
    • allocate funds for the next quarter

    The company allocated funds for research and development.

    They allocated funds in advance to cover emergency repairs.

Common combinations

allocate funds to
The city will allocate funds to public transport.
allocate funds for
We should allocate funds for employee training.
allocate funds among
The charity allocated funds among five local projects.
government-allocated funds
Government-allocated funds must be spent by June.

Synonyms and how they differ

assign
Assign is more general and can refer to tasks or resources, not just money.
earmark
Earmark means to reserve money for a specific purpose, often in a political context.
distribute
Distribute focuses on giving out something among several recipients, not necessarily money.

Opposites

withhold fundscut funds

Word family

allocation noun
the act of giving out money or resources, or the amount given
allocated adjective
officially given or set aside for a purpose

Commonly confused: allocate funds or allot funds?

allocate funds vs allot funds

Allot funds means to give out a share of money, often in a fixed amount; allocate is more about official distribution.

Practice

The university decided to allocate funds ___ the new science building.

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