ring-fence
verb [T] FINANCEDefinition
› to protect an amount of money so that it can only be used for a particular purpose: ring-fence sth for sth €500 million will be ring-fenced for improving roads.ring-fence sth from sb An attempt has been made to ring-fence pensions from creditors if a company goes bankrupt.
(Definition of ring-fence verb from the Cambridge Business English Dictionary
© Cambridge University Press)
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