Meaning of the word parcel-out in English

What does parcel-out mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

parcel-out

US /ˈpɑːr.səl/
UK /ˈpɑː.səl/

to divide something and give the separate parts to different people:

Example:
The bigger farms were parceled out after the revolution in 1973.