Etymology
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allotment (n.)

1570s, "action of allotting," from French allotement, from Old French aloter "divide by lots" (see allot). Or else a native formation from allot + -ment. Meaning "that which is allotted, portion assigned to someone or some purpose" is from 1670s.

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Definitions of allotment

allotment (n.)
a share set aside for a specific purpose;
Synonyms: allocation
allotment (n.)
the act of distributing by allotting or apportioning; distribution according to a plan;
Synonyms: apportionment / apportioning / allocation / parceling / parcelling / assignation
From wordnet.princeton.edu