Allot (verb)

1. To give or assign a share of something to someone.
2. To set apart for a particular purpose.
3. To distribute something among a group of people or things.

Origin:

From middle english, from old english ālēotan, from proto-germanic *alautjaną, from proto-indo-european *h₂el- ("to take"). cognate with old saxon ālētian, old high german arleiten, old norse ala.

Examples:

1. The teacher allotted 20 minutes for each student to present their project.
2. The manager allotted a budget for the project.
3. The government allotted funds for the disaster relief.
4. The company allotted a percentage of profits for charity.
5. The parents allotted a certain amount of pocket money for their children.