"GRANT". Business Dictionary.
TERM OF THE DAY FEBRUARY 4, 2016 grant 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). Read more USAGE EXAMPLE One way that non-profit charitable organizations can gain additional funding that does not need repaid is by submitting applications for grants .