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parcel2 past tense and past participle parcelled, present participle parcelling British English, past tense and past participle parceled, present participle parceling American English
parcel something ↔ off
phrasal verbBBT to divide something into small parts so that it can be sold : 
The new owner has parceled off many of the company's assets.
The new owner has parceled off many of the company's assets.parcel something ↔ out
phrasal verbThey didn't want the federal government parceling out food supplies.parcel something ↔ up
phrasal verb1 to make something into a parcel by wrapping it up : She parcelled up the photos.
She parcelled up the photos.2 to divide something into small parts, especially so that it is easier to deal with : University education is often parcelled up into specialist teaching units.
University education is often parcelled up into specialist teaching units.