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 ?
Rs 25 billion set aside for Gas Infrastructure Development Cess.
This month, Credit Suisse (NYSE: CS) has set aside USD570m to cover US investigations.
The regulation defines the set-aside amount as the total amount set aside for benefit payments from both member contributions and investment income.
The appellate court noted that inadequacy of price alone is not sufficient grounds to set aside a foreclosure sale; however, the court found that when a party's innocent mistake results in a grossly inadequate price, the sale should be set aside to prevent injustice.
That works only where the land is left to grow permanently to allow hedges and long grass to thrive, but when we have set aside areas that are there for only one year the environmental benefit in open fields is practically zero.
This artist set aside certain times and days when she did nothing but develop new ideas for her studio work.
If the decision is made to accept the resident, the community should then set aside funds to help cover anticipated future shortfalls.
Ladle bouillon through a cheesecloth-lined fine-mesh sieve and set aside, keeping warm.
Regulators have approved a report that would create a formula to determine how much money insurers must set aside for catastrophe reserve funds.
83 and the regulations thereunder to tax the employee's beneficial interest in the property set aside from the claims of creditors (i.
The court stated that although the sale at foreclosure will not ordinarily be disturbed where it was fairly made and free from fraud, a judicial sale may be set aside when someone obtained an undue advantage or where a party was unfairly dealt with.
Federal Communications Commission about whether the cable industry's free-speech rights, are being trampled by a 1992 federal law that requires cable systems to set aside up to one-third of their channels for local broadcasts.