apportionment

apportionment
A method of calculating the proportion of input tax applicable to business use, if goods or services are used for business and non-business purposes. HM Customs & Revenue Glossary

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apportionment ap‧por‧tion‧ment [əˈpɔːʆnmənt ǁ -ɔːr-] noun [countable, uncountable]
1. formal when something is divided and shared out, or an amount of something that has been divided and shared out:

• the apportionment of financial support to those states worst affected by the crisis

• financial apportionments

2. ACCOUNTING when each expense is placed in its proper account, or the amount placed in each account
3. INSURANCE LAW when insurance companies or their clients agree to share the cost of something that goes wrong, or the amount that each person or company agrees to pay:

• The excess shall be deducted prior to apportionment between the two insurers.

4. LAW when the buyer and seller of a property agree to share the cost of a bill, for example property tax, that is paid to cover a period during which they will each be owners for a time:

• You should stipulate the apportionment of any service charge liability in the sale agreement.

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apportionment UK US /əˈpɔːʃənmənt/ noun [C or U]
► the act of sharing something between several people or organizations: »

The apportionment of resources within the health service is very complicated.

► INSURANCE, LAW the act of deciding how responsible each person or organization is for something and therefore how much of the costs they or their insurance company should pay: »

the apportionment of blame/liability

► ACCOUNTING the act of dividing costs between different accounts in a fair way, or the amount that is put into each account
► PROPERTY an agreement between the buyer and seller of a property to share the costs of the property during the time that the sale is being completed

Financial and business terms. 2012.

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Synonyms:
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Look at other dictionaries:

  • apportionment — I noun administration, allocation, allotment, allowance, assignment, assignment in proportion, consignment, disposition, distribution, division, division in proportion, doling out, issuance, just division, measuring out, meting out, partition,… …   Law dictionary

  • Apportionment — Ap*por tion*ment, n. [Cf. F. apportionnement, LL. apportionamentum.] The act of apportioning; a dividing into just proportions or shares; a division or shares; a division and assignment, to each proprietor, of his just portion of an undivided… …   The Collaborative International Dictionary of English

  • apportionment — (n.) 1620s, from APPORTION (Cf. apportion) + MENT (Cf. ment). Perhaps influenced by Fr. apportionnement …   Etymology dictionary

  • apportionment — [ə pôr′shənmənt] n. 1. an apportioning or being apportioned 2. a proportional distribution or assignment, as of U.S. Representatives among the states, or of state legislators among counties, etc …   English World dictionary

  • Apportionment — This article is about apportionment in law. See also apportionment (politics) The legal term apportionment (French apportionement; Med. Latin apportionamentum; derived from Latin portio , share) means distribution or allotment in proper shares.… …   Wikipedia

  • apportionment — /aporshanmant/ The process by which legislative seats are distributed among units entitled to representation. Determination of the number of representatives which a State, county, or other subdivision may send to a legislative body. he U.S.… …   Black's law dictionary

  • apportionment — /aporshanmant/ The process by which legislative seats are distributed among units entitled to representation. Determination of the number of representatives which a State, county, or other subdivision may send to a legislative body. he U.S.… …   Black's law dictionary

  • Apportionment — (Roget s Thesaurus) < N PARAG:Apportionment >N GRP: N 1 Sgm: N 1 apportionment apportionment allotment consignment assignment appointment Sgm: N 1 appropriation appropriation Sgm: N 1 dispensation dispensation distribution Sgm: N 1 division …   English dictionary for students

  • Apportionment — The allocation of a loss between all of the insurance companies that insure a piece of property. This allocation is used to determine a percentage of liability for each insurer. For example, three insurers who each cover $30,000 on a $90,000… …   Investment dictionary

  • apportionment — In the general sense, distribution for planning of limited resources among competing requirements. Specific apportionments (e.g., air sorties and forces for planning) are described as apportionment of air sorties and forces for planning, etc. See …   Military dictionary

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