- A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker-dealer firm. Bloomberg Financial Dictionary
* * *set-aside ˈset-aˌside noun [countable] FINANCE1. 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.
* * *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.