ring-fence

verb

1. to assign (money, a grant, fund, etc) to one particular purpose, so as to restrict its use

   to ring-fence a financial allowance

2. to oblige (a person or organization) to use money for a particular purpose

   to ring-fence a local authority

noun

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

Example Sentences

The governments said the framework delivers on commitments made in the 2014 Stormont House Agreement and pledged to ring-fence €25m to support victims' participation.

From BBC

Labour UK ministers will no longer ring-fence farm cash, with future allocations being rolled in to the general funding they give the Welsh government.

From BBC

Champion said she was pleased the government has committed to "taking forward" all 20 of Prof Jay's recommendations - but called for the government to ring-fence funding for each of them.

From BBC

He says he's managed to ring-fence some from another supplier and should have enough "for the next week or two".

From BBC

She is calling for the government to ring-fence money for early intervention in primary schools.

From BBC