ring-fence


ring-fence

verb

  1. to assign (money, a grant, fund, etc) to one particular purpose, so as to restrict its useto ring-fence a financial allowance
  2. to oblige (a person or organization) to use money for a particular purposeto ring-fence a local authority

noun ring fence

  1. an agreement, contract, etc, in which the use of money is restricted to a particular purpose

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