Sequestration

Noun

1. The process or act of sequestering; a putting aside or separating.

   "the sequestration of juries"

2. A budget cut resulting from a separation of funding mechanisms. .mw-parser-output .defdate{font-size:smaller}<!--This sense enter the layperson lexicon in 2013; if it existed in previous decades, then it was limited to jargon that nobody but Capitol Hill lifers spoke-->

   "The company took a revenue hit when sequestration dried up some of its best contracts."