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 ?
Transfer in a cutting board cut into thin slices and setaside keeping warm.
"The ground is very testing out there but Johnny Setaside jumped very well and saw out the three miles really bravely," added the Ulsterman.
Rents are set based upon the selected setaside using the HUD county median income, adjusted for household size.
All NACM departments and allied groups not only made steady progress throughout the year, but the Association achieved a healthy bottomline and ample reserves, including a substantial setaside for the purchase of a new building.
First, the company's owners lied on an application for the federal government's 8(a) "setaside" program.
There is great inconsistency across departments, and many officials confess that their programs cost more because of these setaside requirements.
* Approve a breastfeeding setaside (fund) that would assure all WIC prenatal patients receive adequate breastfeeding education and support, and raise this amount as the total WIC budget increases.
Potential boondoggle award: That goes to LIFT, a $200 million community development block rant setaside for local development deals.
* Estates, and not trusts, may be entitled to an IRC section 642(c) charitable setaside deduction.
the Court invalidated a minority setaside program, and in Martin v.
Beat egg and milk together; setaside. Combine crushed stuffing, Parmesan cheese, and paprika.
There was one withdrawal, the injured Johnny Setaside.