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English definition of “set-aside”

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set-aside

noun
 
 
/ˈsetəsaɪd/
[C] US FINANCE, GOVERNMENT a part of an amount of government money that must be used to give work to businesses owned by women or minorities (= group who have a different race, culture, or religion to most other people): The federal government has made available set-aside programs for small companies.
[C] FINANCE an amount of money kept for a special purpose: A £70m set-aside is included in a 48% rise in its provisions for bad and doubtful debts.
[U] GOVERNMENT, PRODUCTION a system in the European Union in which farmers are paid not to use part of their land in order to reduce the amount of a crop on the market or control prices: The EU was being urged to halt set-aside in order to boost grain production.
(Definition of set-aside from the Cambridge Business English Dictionary © Cambridge University Press)
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