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allocation

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.04 sec.
allocation [‚al·ə′kā·shən]
(petroleum engineering)
The amount of oil or gas distributed from a well per unit time.


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The IRS issued final regulations (TD 9208) clarifying how taxpayers may (1) avoid application of the automatic generation-skipping transfer (GST) tax exemption allocation rules applicable to transfers to a GST trust and (2) terminate such an election.
Utility Allocation combines actual usage data with the applicable utility tariff to enhance accuracy and ensure fairness in landlord-tenant energy billing.
Realization and allocation are central concepts of current GAAP, but they are the very reason why GAAP does such a poor job of reporting the real-world effects of economic events.
 
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