WorldAugust 20, 2026
ringfencing
RING-fen-sing
Definition
The act of separating specific funds or assets to ensure they are used only for a particular purpose and are protected from being spent on anything else.
Etymology
Derived from the practice of putting a fence around a ring or enclosure to keep animals safe. It has been used in a metaphorical sense since the 20th century to describe the financial practice of protecting specific resources.
In the news
The author argues that ILCA funds must be ringfenced so that the money is guaranteed to support access to justice rather than being absorbed into the government's general budget.
An interest in justice for the new government
Read the full article ↗The Law Society Gazette