Meaning of the word "allocate time" in English

What does "allocate time" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

allocate time

US /ˈæləkeɪt taɪm/
UK /ˈæləkeɪt taɪm/

Collocation

to set aside a specific amount of time for a particular task or activity

Example:
You need to allocate time for studying if you want to pass the exam.
The manager decided to allocate time for team-building activities every Friday.