If you share out an amount of something, you give each person in a group an equal or fair part of it. I drain the pasta, then I share it out between two plates The company will share out $1.3 billion among 500,000 policyholders. see also share-out
If there is a share-out of something, several people are given equal or fair parts of it. the share-out of seats in the transitional government. when something, especially money or property, is divided between two or more people, or the amount each person receives when it is divided
share#out
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[ 'shar, 'sher ] (noun.) before 12th century. Middle English schare, from Old English scear; akin to Old High German scaro plowshare, Old English scieran to cut; more at SHEAR.