Which of the following will define the given statement 'when appropriation of a certain number of shares is made to an applicant in response to his application'?

Share application Share forfeiture Share Purchase Share allotment

Share allotment

With a share allotment, the shares are created and issued by the company to the people who become the company's shareholders. Shares will generally be issued by the company at the start of its life and some companies will issue more shares later on.