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2parcel verb
parcels; US par·celed or British par·celled; US par·cel·ing or British par·cel·ling

Meaning:

parcel off [phrasal verb]
parcel (something) off or parcel off (something) : to divide (something, such as land) into separate, smaller parts especially in order to sell it
The property was eventually parceled off and sold in pieces.
parcel out [phrasal verb]
parcel (something) out or parcel out (something) : to divide or share (something) among different people, groups, etc.
The money was parceled out [=distributed] to local charities. They plan to parcel the tickets out in a lottery. We need to stop parceling out the blame for this problem and start working on a solution.
parcel up [phrasal verb]
parcel (something) up or parcel up (something) Brit : to wrap (something) or put (something) into a box in order to mail it to someone
The paintings have all been parcelled up.

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