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Budget vs Allocation - What's the difference?

budget | allocation |

As nouns the difference between budget and allocation

is that budget is a wallet, purse or bag while allocation is the process or procedure for allocating things, especially money or other resources.

As an adjective budget

is of or relating to a budget.

As a verb budget

is to construct or draw up a budget.

budget

English

(wikipedia budget)

Noun

(en noun)
  • (obsolete) A wallet, purse or bag.
  • * 1590 , Edmund Spenser, The Faerie Queene , III.x:
    • With that out of his bouget forth he drew / Great store of treasure, therewith him to tempt [...].
  • The amount of money or resources earmarked for a particular institution, activity or time-frame.
  • An itemized summary of intended expenditure; usually coupled with expected revenue.

    • Derived terms

    * black budget * budgetary * budgeteer * budgeter * champagne taste on a beer budget * high-budget * low-budget

    Adjective

    (-)
  • Of or relating to a budget.
  • Appropriate to a restricted budget.
    • We flew on a budget airline.

    Synonyms

    * (appropriate to a restricted budget) low-cost

    Verb

    (en verb)
  • To construct or draw up a budget.
    • ''Budgeting is even harder in times of recession
  • To provide funds, allow for in a budget.
    • ''The PM’s pet projects are budgeted rather generously
  • To plan for the use of in a budget.
    • The prestigious building project is budgeted in great detail, from warf facilities to the protocollary opening.

    allocation

    English

    Noun

    (en noun)
  • The process or procedure for allocating things, especially money or other resources.
    • The allocation of new permits is on a first-come, first-served basis.

    Derived terms

    * allocational

    Anagrams

    * ----