Cryptic crossword clue
Hand out everything old — make provision, running short 8

The most common and most likely answer to this crossword clue is the 8 letter word ALLOCATE

I've seen this crossword clue in The Daily Telegraph
A
L
L
O
C
A
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Buddy explains!

The straight part
We know that "Hand out" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case hand out = allocate.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ALLOCATE mean?

ALLOCATE verb
  1. To set aside for a purpose.
  2. To distribute according to a plan, generally followed by the adposition to.
  3. To reserve a portion of memory for use by a computer program.

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