Parcel out is a phrasal verb that means to distribute or divide into portions. There are several synonyms for this phrase that can be used to convey a similar meaning including allocate, apportion, divide up, distribute, dispense, share, and divvy up. The term allocate implies a systematic distribution of something based on need or criteria. Meanwhile, apportion involves dividing something into smaller portions based on a specific plan. Dividing up or divvying up refers to a more informal way of distributing something. Dispense involves the act of giving out or administering something. Lastly, distribute and share both mean to give something to several people in equal parts.