The term 'METED OUT (ALLOCATED)' is a phrase that means to distribute or allocate something in an orderly manner. It is often used to describe the process of giving OUT resources, such as money or food, to those who need it. The word 'METED' is derived from the Old English word 'metan, ' which means to measure or allot. This phrase is commonly used in business and government contexts, where resources must be ALLOCATED in a fair and equitable way.