UK Accounting Glossary
designate (funds or resources) for a particular purpose.
The act of setting something aside for a specific use or purpose in the future. For example, goods may be earmarked prior to being exported in the future. Most commonly used to refer to funds that have been set aside in order to pay for a specific project; “The Prime Minister has earmarked an additional 3 million pound for a new healthcare initiative.”
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This glossary post was last updated: 15th January 2020.