Meaning of “ring-fenced” in the English Dictionary

business-english dictionary

"ring-fenced" in Business English

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ring-fencedadjective

uk us FINANCE

protected and only able to be used for a particular purpose:

But without a ring-fenced budget it is hard to see how these projects can achieve their potential.
ring-fenced money/funds

(Definition of “ring-fenced” from the Cambridge Business English Dictionary © Cambridge University Press)