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1. Something, such as land or a certain percentage of profits, that is set aside for a specific purpose.
2. A program requiring that a percentage of government procurement contracts be reserved for disadvantaged businesses.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.