Set-aside

(redirected from set-asides)
Also found in: Dictionary, Thesaurus, Medical.

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 ?
Women's Chamber of Commerce has been speaking out to the Small Business Administration, Congress, media and to women businesses all across America about the failure of the Small Business Administration to bring accountability to the women-owned small business federal set-aside program," states Margot Dorfman C CEO of the U.
Army Distributed Learning Education and Training Products: Small business set-aside.
The death of set-asides at the federal, state and local levels would be devastating for many black businesses.
Veterans' organizations have lobbied Congress to make the SDV program a mandatory set-aside on an equal basis with HUBZones.
As government solidifies mechanisms for fulfilling set-aside category goals, competition for these prime reserve dollars is increasing," said Megan Gamse, manager, defense opportunities for INPUT.
The set-aside program is part of the bill to spend $173 billion on highway construction and repair over the next six years.
George LaNoue, a professor at University of Maryland at Baltimore who studies affirmative action law, says that the DOD's abandonment of its set-aside policy has potential ramifications for all federal set-aside programs.
Others, such as Fred Dual, say the need for set-asides is as great or greater today than ever before.
When SDV firms were added to the list of set-asides, SBA adopted the parity rule so that agencies could balance their set-asides among competing groups.
The officials added that the three-year moratorium on set-aside programs, which have proved to be the most hotly debated type of affirmative action, would include such stringent conditions for reintroducing the programs that it was doubtful they would ever return.
Supreme Court rules that federal set-asides for minority companies are unconstitutional?
The notes' credit strength is derived from Los Angeles County's cash flow, which provides adequate coverage of note repayment set-asides, as well as substantial borrowable resources available in the event of unanticipated changes in receipts and disbursements.