Definition of Allocation

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Debt Consolidation Glossary of Personal Finance and Related Terms:


Related Financial Services - The following Debt Consolidation Loan Directory listings of companies are offered to assist you with gaining control of your personal finances and the management of your money. Also, feel free to review the rest of the sub-directories on DebtConsolidationLoan.com to shop for other finance products, such as credit cards and mortgage refinancing.

  • Debt Settlement Company - If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
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Allocation definition

Define Allocation: An allocation is simply an arranged distribution of funds among several possible choices. For example, a 401(k) [ definition of 401k ] account will have an allocation established to determine how withheld payroll funds are disbursed among various possible mutual funds.


As it pertains to debt consolidation programs and related services, a debt management plan (DMP) will have an allocation set up to determine how deposited funds are disbursed among various creditors and lenders that you owe.



Debt Consolidation Loan Glossary
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