Allotment (noun)

1. A portion or share of something assigned to someone.
2. A piece of land allocated for a particular purpose, especially for growing crops or building a house.
3. A specific portion of time or money set aside for a particular purpose.

Origin:

The word 'allotment' comes from the old french word 'alotement' and the late latin word 'allocamentum', both of which mean 'allotment'.

Examples:

1. Each member of the team was given an allotment of time to present their findings.
2. She received an allotment of land for her gardening.
3. They set aside an allotment of their budget for research and development.
4. The allotment of resources was determined by the committee.
5. The allotment of tickets was done in a random order.