Meaning of the word reallocate in English

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

reallocate

US /ˌriːˈæl.ə.keɪt/
UK /ˌriːˈæl.ə.keɪt/

Verb

allocate again or differently

Example:
We need to reallocate funds to the most urgent projects.
The company decided to reallocate its resources to focus on new markets.