allottee

The allottee receives a plot of land in the new community.

Definition

1. Noun:
   • A person who receives a share or portion of something: "allottee" refers to an individual who is assigned or granted a specific amount, portion, or allotment of something, such as land, money, resources, or shares.

Usage Examples

• (A person who received a parcel of land.)
• (Individuals who were allocated shares in the company.)
• (Recipients of the allocated plots.)

Advanced Usage

• "Allottee of shares": a person who is allotted shares in a company, typically during an initial public offering (IPO) or rights issue.
  • The allottee of shares must pay the balance amount within the specified period. (The person who received the allotted shares.)

Variants and Related Words

• Allotment (n): the process or result of distributing something; the share or portion allocated.
  • The allotment of funds to each department was based on their needs. (The distribution of money.)
• Allot (v): to assign or distribute as a share or portion.
  • The committee will allot tickets to each member. (To give out tickets.)

Synonyms

• Recipient: a person who receives something.
• Grantee: a person to whom a grant or allotment is given (often used in legal contexts).
• Assignee: a person to whom property or rights are transferred.

Related Idioms

• (No common idioms are associated with "allottee"; it is a formal, legal term used primarily in administrative, financial, and governmental contexts.)