Allotment

A share or portion; that which is allotted. The division or distribution of land. AIM in nit System. A system in Kngland of assigning small portions of land, from the eighth of an acre to four or five acres, to be cultivated by day-laborers after their ordinary day's work, Brande.

Allotment Certificate

A document issued to nn applicant for shares in a company or public loan announcing the number of shares allotted or assigned and the amounts and due dates of the calls or different payments to be made on the same. Where a letter withdrawing an application for shares was received after the shares had been allotted, but before the notice of allotment was mailed, the applicant was held entitled to have his name removed from the register of shareholders and to have the deposit returned; 81 L. T. It. 512. See Shareholder. To constitute a public allotment of shares there must be an issue to persons other than those taking shares in payment of wares or for work done, or as a qualification for a seat on the board; 19 T. L. R. 614. An allotment of shares is an appropriation by the directors of a company of shares to a particular person, but it does not necessarily create the status of membership; SO L. T. 347.