Allocation

Legal Definition and Related Resources of Allocation

Meaning of Allocation

An allowance upon an account in the English exchequer. Cowell. Placing or adding to a thing. Enc. Lond.

What does Allocation mean in American Law?

The definition of Allocation in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

An allocated thing or portion thereof.

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Related topics Allocation in the World Encyclopedia of Law

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This definition of Allocation Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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https://legaldictionary.lawin.org/allocation/ The URI of Allocation (more about URIs)

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See Also

  • Law Dictionaries.
  • Laissez-Faire, Scarcity, Adam Smith
  • English Legal System: Allocation

    In the context of the English law, A Dictionary of Law provides the following legal concept of Allocation :

    The stage in civil litigation when a decision is made as to how the case is to be dealt with. After each of the parties has completed and filed an *allocation questionnaire, allocation is made to one of three tracks:

    (1) the *small claims track for cases worth less than £5000;

    (2) the *fast track for cases worth between £5000 and £15,000; and

    (3) the *multi-track for cases worth more than £15,000. After allocation has taken place, the court will proceed to give standard directions as to how the case should proceed. This stage was formerly (before the introduction of the Civil Procedure Rules in 1999) referred to as setting down for trial.

    See also case management.

    Concept of Allocation in the context of Real Property

    A short definition of Allocation: A method for appraising a site (land) by comparing other site values as a percentage of total value. Example: An area has a typical land value of 35% of the total value of a site (including improvements). Property X has a total (improved) value of $100,000. The land is worth $35,000. The term is often (and incorrectly) used synonymously with abstraction See: Abstraction.

    Concept of Allocation in the context of Real Property

    A short definition of Allocation: A method for appraising a site (land) by comparing other site values as a percentage of total value. Example: An area has a typical land value of 35% of the total value of a site (including improvements). Property X has a total (improved) value of $100,000. The land is worth $35,000. The term is often (and incorrectly) used synonymously with abstraction See: Abstraction.

    Concept of “Allocatio, Allocation”

    Traditional meaning of allocatio, allocation in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) An allowance made upon an account in the English Exchequer.

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    Notes and References

    1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Allocatio, Allocation”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.

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