Definition of “set-aside” - English Dictionary

(Definition of “set-aside” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“set-aside” in Business English

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uk /ˈsetəsaɪd/ us

[ 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)