Thursday, February 4, 2016

What is a grant?

Bounty, contribution, gift, or subsidy (in cash or kind) bestowed by a government or other ...
TERM OF THE DAY FEBRUARY 4, 2016
grant
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Bounty, contribution, gift, or subsidy (in cash or kind) bestowed by a government or other organization (called the grantor) for specified purposes to an eligible recipient (called the grantee). Grants are usually conditional upon certain qualifications as to the use, maintenance of specified standards, or a proportional contribution by the grantee or other grantor(s).
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USAGE EXAMPLE
One way that non-profit charitable organizations can gain additional funding that does not need repaid is by submitting applications for grants.
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