This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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v. Simple past tense and past participle of allocate.

"The $600 million in program cuts would be felt deeply in those sections of the department, but the overall budget request last year was $28.4 billion, not including funds it allocated from the American Recovery and Reinvestment Act of 2009."

allocated    allocates    allocating   

assign    allot    portion   

ration    present    reallocate    award    ration out   

allot    localize    place    apportion    arrange   

misallocate   

co-option    baa-rated    hard-to-find    activity-based    defined-benefit