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What does ALLOC stand for?

ALLOC stands for Allocate

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Military and Government

Samples in periodicals archive:

When a taxpayer qualifies for this relief, it is necessary to allocate the tax deficiency between the taxpayers who filed the joint return.
Thus, any other "facts and circumstances" method, such as specific identification, burden rate, standard cost or "other reasonable allocation methods," must allocate costs to specific inventory items; see Regs.