lot vs allot

lot is a noun but allot is not a noun.

Word	Noun	Adjective	Verb	Adverb
lot	Yes	No	Yes	No
allot	No	No	Yes	No

As verbs, lot and allot are synonyms defined as:

As verbs, allot is a hyponym of lot; that is, allot is a word with a more specific, narrower meaning than lot:

Other hyponyms of lot include assign, portion, reallot, deal, apply, give, roll out.

lot (noun)	allot (noun)
anything (straws or pebbles etc.) taken or chosen at random
an unofficial association of people or groups
any collection in its entirety
a parcel of land having fixed boundaries
(often followed by `of') a large number or amount or extent
your overall circumstances or condition in life (including everything that happens to you)

lot (verb)	allot (verb)
administer or bestow, as in small portions	allow to have
divide into lots, as of land, for example	give out
	administer or bestow, as in small portions