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 ?
If the female retiree of 62 referred to above uses RIS to purchase a 10-year deferred annuity with an annual 2 percent inflation adjustment but without a set-aside, and if the rate of return on her financial assets is 8.1 percent, her monthly spendable funds will begin at $8,282 and rise by 2 percent a year until she dies.
The board's decision on set-aside and collection mechanisms for pipeline abandonment cost funding is the tenth and final step of the action plan.
The NFU and Country Land and Business Association (CLA) have teamed up to put forward a proposal for voluntary set-aside, which would include a campaign to persuade farmers to take part and record the results over an initial five-year period.
In addition, the fact that the investment income was paid out for benefits would not change the amount of the nontaxable set-aside, the court said.
Set-aside was introduced to limit production of cereals in the EU and applied on a voluntary basis from 1988-1989.
Defra's Farm Business Survey revealed that more than half of former set-aside land would be cultivated, while the amount of rotational land - left out of production for one year - would drop by 85%.
From left, the barn owl, lapwing and .1 skylark are 1 among the species at risk unless set-aside is replaced with schemes that include fallow land, says the RSPB
The set-aside may then threaten to consume the entire settlement--not what the attorney and claimant had in mind.
Therefore, the amount allocated to the Medicare set-aside trust may reflect that negotiation.
In fiscal year 1994, DOD awarded $8.4 billion to minority businesses through various set-aside provisions.
But any farmer with a truly green thumb can beat the set-aside. You may have heard that some farmers commonly qualify for government aid by counting as "set-aside' land they can't use anyway, such as acres with rocky or sandy soil, land that tends to flood, or fields that are left fallow because of normal conservation practices.
The 10 largest set-aside contracts to go up for bids in fiscal 2010 are worth about $16 billion, according to the market research firm Input.