Here is a context clues worksheet on the transitive verb allocate. It means both “to apportion for a specific purpose or to particular persons or things, distribute” and “to set apart or earmark, designate.” Because I was working in an economics-and-finance-themed high school when I prepared this, I suspect I meant students to understand and use it in the sense of allocating capital.
This verb is always used transitively, and never intransitively, so don’t forget your direct object: you must allocate something.
If you find typos in this document, I would appreciate a notification. And, as always, if you find this material useful in your practice, I would be grateful to hear what you think of it. I seek your peer review.