set-aside

set-aside
A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker-dealer firm. Bloomberg Financial Dictionary

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set-aside ˈset-aˌside noun [countable] FINANCE
1. an amount of money kept so that it can be used for a special purpose; = RESERVE:

• The bank is increasing its set-aside at the rate of roughly $50 million a quarter.

2. an arrangement in which a local government helps small businesses to develop by making loans etc available to them:

• In 1976, Connecticut established one of the nation's first set-aside programs.

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set-aside UK US /ˈsetəsaɪd/ noun
► [C] US FINANCE, GOVERNMENT a part of an amount of government money that must be used to give work to businesses owned by women or minorities (= group who have a different race, culture, or religion to most other people): »

The federal government has made available set-aside programs for small companies.

► [C] FINANCE an amount of money kept for a special purpose: »

A £70m set-aside is included in a 48% rise in its provisions for bad and doubtful debts.

► [U] GOVERNMENT, PRODUCTION a system in the European Union in which farmers are paid not to use part of their land in order to reduce the amount of a crop on the market or control prices: »

The EU was being urged to halt set-aside in order to boost grain production.


Financial and business terms. 2012.

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Look at other dictionaries:

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  • set aside — verb 1. give or assign a resource to a particular person or cause (Freq. 6) I will earmark this money for your research She sets aside time for meditation every day • Syn: ↑allow, ↑appropriate, ↑earmark, ↑reserve …   Useful english dictionary

  • set aside — phrasal verb [transitive] Word forms set aside : present tense I/you/we/they set aside he/she/it sets aside present participle setting aside past tense set aside past participle set aside 1) to keep or save something from a larger amount or… …   English dictionary

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