What does it mean when something is unallocated?
Definition of unallocated
: not apportioned or distributed for a specific purpose : not allocated unallocated funds.
What does allocated vs unallocated mean?
An investor in allocated gold is the outright owner of a certain amount of physical bullion. Unallocated metal remains the property of the bank – the investor is essentially a creditor of the bank. … Unallocated gold is the most common form of gold investment worldwide.
