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ring-fence

   Also found in: Medical, Financial 0.01 sec.
ring-fence
vb
1. (Economics, Accounting & Finance / Banking & Finance) to assign (money, a grant, fund, etc.) to one particular purpose, so as to restrict its use to ring-fence a financial allowance
2. (Economics, Accounting & Finance / Banking & Finance) to oblige (a person or organization) to use money for a particular purpose to ring-fence a local authority
n ring fence
(Economics, Accounting & Finance / Banking & Finance) an agreement, contract, etc., in which the use of money is restricted to a particular purpose


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But amid that mass ran a vein of which he was too good and honorable a man to like the avowal even to himself: it was undeniable that the union of the two estates--Tipton and Freshitt-- lying charmingly within a ring-fence, was a prospect that flattered him for his son and heir.
 
 
 
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