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
[ '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.