Synonyms for Allocation (same or very similar meaning)
WordNet sense 1 (a share set aside for a specific purpose):
allotmentWordNet sense 2 (the act of distributing by allotting or apportioning; distribution according to a plan):
apportionment, assignation, apportioning, parceling, parcellingWordNet sense 3 ((computer science) the assignment of particular areas of a magnetic disk to particular data or instructions):
storage allocationFrom the ODE community, based on WordNetadd/edit