allotment
B2CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
The appropriation of a company's newly issued shares to an applicant.
The board resolved the allotment of one million ordinary shares to the incoming investor.
Business noun
The portion of a securities issue assigned to a given investor.
Retail applicants received only a token allotment because institutional demand had swamped the book.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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