apportionment

(redirected from apportionments)
Also found in: Dictionary, Thesaurus, Legal.

Apportionment

A division. The term may be used in insurance to indicate which policy bears what percentage of a loss. Alternatively, it may be used in the sale of real estate to show the property tax or insurance the buyer and the seller each owe for a year. See also: Apportionment Clause.

apportionment

the breakdown of COSTS (and REVENUES) between different products, functions or company departments, where it is not possible to attribute costs (and revenues) directly to the departments where the cost or revenue concerned arises. For example, it is generally impossible to allocate rent and rates OVERHEADS exactly between departments in a factory and they can only be apportioned on some equitable basis such as the respective floor areas of departments. Such apportionments can help in assessing the profitability of different departments or products. See ALLOCATION, BUDGETING, STANDARD COST.

apportionment

Division into parts.Typically used when deciding how to allocate expenses relative to oil and gas leases,and when deciding that portion of the income of a company or utility that was earned in a particular state and thus subject to state income taxes. See apportion.

References in periodicals archive ?
1) The MTC has discussed for many years its interest in revising key apportionment provisions of Article IV--which contains the foundation of many states' apportionment provisions.
Modify the Compact's current equally-weighted apportionment formula to recommend a double-weighted sales factor, but ultimately provide states with flexibility to define their own factor weighting fraction; (3)
fairness in water allocation--"equitable apportionment.
One could argue that the "Alabama paradox" should not be an important consideration in apportionments, since the House size was fixed in size at 435, but the Hamilton-Vinton method is subject to other anomalies.
The effect of the imputation of these apportionments on the ability of epidemiologic methods to evaluate the health effects associated with various PM components is uncertain.
The special synod defeated a motion that would have approved the remittance of parish apportionments to the national office.
Prior to the approval of the accelerated Priorities in School Construction Funding rules in 2010, apportionments were granted based on the receipt and approval dates of complete funding applications, or on a first in, first out basis.
separate baskets, "look through" rules, and new complex expense allocation and apportionment rules for interest and other expenses.
Security for the bonds is various liens on specific highway use taxes and fees deposited in the state highway fund, net of administration and collection costs, and statutorily determined city/county apportionments to fund local transportation projects.
The purchase price of $30,160,000 is payable in cash and is subject to normal operating apportionments as provided for in the agreement of sale.
The Ohio director of transportation covenants to make such payments prior to making any other payment from federal highway revenues during the fiscal year, and to reserve such payment from the prior federal fiscal year apportionment, thus allowing a 14-month cushion for debt service.