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 36.821 billion set aside for Finance Division
' That the decision to file the application, subject matter of the orders sought to be set aside at this late hour and the decision not to serve the Defendants/ Applicants the processes were taken and executed in bad faith as they were made to deprive the 2nd Defendant/Applicant the opportunity to field a candidate at the presidential election of 2019.'
To support value addition, and create jobs under the manufacturing agenda which seeks to increase the sector share of GDP to 15 per cent by 2022, the national treasury has set aside Sh10.5 billion.
Rs 10,118 million set aside for Maritime Affairs Division
The bank, considered to be the biggest in France, has set aside USD1.1bn for a possible fine for breaching US sanctions in deals with countries including Iran.
While 13% of people in the region surveyed have no savings at all to fall back on, and 16% have less than pounds 249 set aside as a financial safety net, said the survey by HSBC.
Just under half of parents said they had some form of savings for their children, but 34% admitted they had spent some of the money they had set aside, while 9% tapped into it on a regular basis, according to discount website MyVoucherCodes.co.uk A fifth of parents who did not have savings for their child said they could not afford to set aside money for them, while 8% said they had tried to save but had either failed to deposit money or had spent it.
Code [section] 512(a)(3)(B) provides that a VEBA may exclude from taxable income member contributions plus amounts set aside for payment of benefits and expenses.
4 : an area of land set aside for American Indians to live
Long Beach filed suit to set aside the sale on the grounds of its agents' mistakes and miscommunication.
Set aside was introduced by the EU in 1992 to control the amount of cereals on the market.
As authorized by its 1949 Constitution, India has long set aside 22.5 percent spots at public universities for people from lower castes.