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Ring Fencing

You use the expression ‘Ring Fencing’ to indicate the obligation of a person or organization to use or restrict funds for a particular purpose.

Example of use: “We’re ring fencing the city council to ensure they allocate the funds they promised for the new city park.”

Interesting fact about Ring Fencing

The term ‘ring fencing’ has been used since the 1980s to refer to monetary transactions. Before that the term was used to discuss ring-shaped fences used to contain farm animals.