"parceling" in the noun sense
1. allotment, apportionment, apportioning, allocation, parceling, parcelling, assignation
the act of distributing by allotting or apportioning distribution according to a plan
"the apportionment of seats in the House of Representatives is based on the relative population of each state"
"parceling" in the verb sense
divide into parts
"The developers parceled the land"
cover with strips of canvas
make into a wrapped container
Source: WordNet® (An amazing lexical database of English)
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