Frisky local eats dishes out (9)

I believe the answer is:

allocates

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'dishes out' is the definition.
The answer and definition can be both to do with ownership as well as being verbs in their -s form.
Maybe there's an association between them I don't understand?

'frisky local eats' is the wordplay.
'frisky' indicates an anagram.
'local'+'eats'='localeats'
'localeats' is an anagram of 'ALLOCATES'.

Can you help me to learn more?

(Another definition for allocates that I've seen is " Distributes".)

I've seen this clue in the Sydney Morning Herald.

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