Allotments of pay (2024)

FAQs

Allotments of pay? ›

"Allotment" means a recurring specified deduction for a legal purpose from pay authorized by an employee to be disbursed on a pay period basis to an allotee.

allotment noun (SHARE)

the process of sharing something, or the amount that you get: The allotment of the company's shares to its employees is still to be decided. We have used up this year's allotment of funds. SMART Vocabulary: related words and phrases.

An authorization by either the agency head or another authorized employee to his/her subordinates to incur obligations within a specified amount. Each agency makes allotments pursuant to specific procedures it establishes within the general apportionment requirements stated in OMB Circular No. A-11.

How do military pay allotments work? With an allotment, half of the allotted amount is deducted from your mid-month pay, and that amount remains in the system until the other half is deducted from your end-of-month pay. At that time, the entire amount is submitted to the designated recipient.

You can have some of your retired pay go to another institution through an allotment (often known as a payroll deduction). This allows you to pay bills, insurance premiums, mortgages, etc. directly out of your retired pay.

"Allotment" means a recurring specified deduction for a legal purpose from pay authorized by an employee to be disbursed on a pay period basis to an allotee.

Say you're stranded on an island with a group of people and you divide your limited food supply. The portion you each receive is your share, also called your allotment. No fighting over the coconuts! The word allotment shows how languages intertwined through the ages.

An allotment of something is a share or amount of it that is given to someone. His meager allotment of gas had to be saved for emergencies. [ + of] Synonyms: assignment, share, measure, grant More Synonyms of allotment.

Keeping the plot to in reasonable state; weed-free and tidy. Not to use for commercial use; for personal use only. Not to cause any issues for the occupiers of other allotments or obstruct any path used by the other occupiers of surrounding allotments.

Allotments can take up a lot of time, so require some strategic planning. Go for a plot size suited to your needs - half a plot is adequate for most people and ideal for beginners. This might need eight hours' work a week for inexperienced gardeners, but half that for experienced ones.

How do you calculate allotment? ›

To calculate the probability of an IPO allotment, divide the number of lots you applied for by the total number applied for across all applicants. Let us consider an example to illustrate how the probability of IPO allotment might be estimated: Total Shares: A company is offering 1,00,000 shares in an IPO.

Allotments are small parcels of land rented to grow fruits, vegetables and plants. Some people even use them to keep bees and smaller animals like rabbits and hens. Allotments can vary in size but the most common is ten rods or poles, which is an old Anglo-Saxon measurement roughly equal to 250 square metres.

There are two types of allotments: discretionary and non-discretionary. You can have up to six discretionary allotments per month, and any number of non-discretionary allotments, as long as the total allotments per month is 15 or less.

A financial allotment is a deposit into a checking or savings account at a financial institution (a portion of an employee's salary) deducted through recurring payroll deductions.

More Definitions of Allotment Money

Allotment Money means the entire/part of the prescribed amount mentioned in the Allotment Letter payable by the Allottee/s in the manner prescribed in the Payment Schedule as mentioned in Schedule C 7.

What Is an Allotment? The term allotment refers to the systematic distribution or assignment of resources in a business to various entities over time. Allotment generally means the distribution of equity, particularly shares granted to a participating underwriting firm during an initial public offering (IPO).

Being allotted for duty is a formal process that involves a person or their unit or ship being included in an instrument of allotment issued expressly for use in determining eligibility under the VEA.

The allotment process totally depends on how the IPO got responses from the investors. If the IPO is undersubscribed, then the investor may get allotted all the lots for which they have applied. If the IPO is oversubscribed, the allocation of shares to the retail investor happens through a computerised process.