Ring-fence

    风险隔离

    A: What's the result of discussion at the city council?

    B: The city has now agreed to ring-fence the money to ensure that it goes directly towards helping elderly people.

    Note: A ring fence is a protection-based transfer of assets from one destination to another, usually through the use of offshore accounting. A ring fence is meant to protect the assets from inclusion in an investor's calculable net worth or to lower tax consequences. A company may choose to split operations, ring-fencing riskier activities from those that are more secure by separating the riskier activities into a new entity. This provides protection; if the riskier venture fails, the more secure portion of the business can remain intact and may not be held liable for the losses associated with the failed portion of the business. In other words, ring-fence means to "seperate to avert risks."