Meaning of the word allocated in English

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

allocated

US /ˈæləˌkeɪtɪd/
UK /ˈæləˌkeɪtɪd/

Adjective

assigned or distributed for a particular purpose

Example:
The funds were allocated to various departments.
Each team was allocated a specific task.