Definition of "parcelling" [parcelling]

• Present participle of parcel. (verb)

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• "Commonwealth, the Protector conceived the idea of parcelling the kingdom into military districts, of which there were _eleven_, -- being precisely the number which it is now proposed, under the favor of success, to establish among us."
• "At sea, the sailors are continually engaged in "parcelling," "serving," and in a thousand ways ornamenting and repairing the numberless shrouds and stays; mending sails, or turning one side of the deck into a rope-walk, where they manufacture a clumsy sort of twine, called spun-yarn."
• "Lehman's were 'parcelling' this debt and selling it on with the AAA rating."