Set-aside

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Set-aside

A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker/dealer firm.

Set-Aside

The portion of a contract that is guaranteed to go to a minority owned company. For example, suppose a city wishes to contract out its trash collection services to a number of privately-owned companies. It may declare that 20% of the total value of the contract must go to one or more companies owned by a member of a minority group. While this is intended to reduce corruption in (especially local) governments, critics allege that this practice is, itself, subject to abuse. See also: Affirmative action.
References in periodicals archive ?
In all, Johnny Setaside won eight races and yesterday's success had boosted his career earnings to beyond pounds 93,000.
However, the unit can no longer be counted toward the project's minimum setaside.
Customers are also putting away more than twenty-five percent of the money they add to their primary accounts each month into a linked SetAside or Reserve account.
99-661, The Department of Defense 5% Minority Contracting Goal (1987), a 5 percent Small and Disadvantaged Business goal, and SDB setasides were implemented.
A claims consultant, structured settlement expert and an attorney will walk you through a fictional claim and show you how to determine whether a Medicare setaside is needed, how a structured settlement works, and where and how you can save money .
I watched one barn owl quartering a field of setaside at 3pm, shining white in the afternoon light, like a great big day-flying moth.
9 billion - and today I am able to setaside for additional defence expenditure for the year ahead an extra pounds 400 million.
At least $1 million will be setaside for Big Brothers and Big Sisters programs, $20 million for Incentive Grants for Local Delinquency Prevention Programs to prevention programs and other local governments for delinquency prevention programs and other activities for at-risk youth.
Tragedy followed triumph for top jockey Richard Dunwoody in Ireland yesterday as big winner JOHNNY SETASIDE collapsed underneath him seconds after his moment of glory.
The Ericson Chase, with pounds 32,500 to the winner, was the richest race of the afternoon, but it ended in tragedy after Johnny Setaside had carried Richard Dunwoody to victory.
And that news caused hot-pot The Grey Monk to harden as 6-4 favourite with Coral yesterday as doubts increased about the participation of several of his rivals with Belmont King and Ireland's Johnny Setaside definite non-runners.
Ladbrokes betting: 6-4 The Grey Monk, 5 Challenger du Luc, 7 Billygoat Gruff, Coome Hill, 11 Couldn't Be Better, General Crack, 12Lo Stregone, Feathered Gale, 16 Dextra Dove, 20 Johnny Setaside, 25 bar.