Grant (money)

Non-repayable funds disbursed by one party to a recipient / From Wikipedia, the free encyclopedia

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A grant is a fund given by a person or organisation, often a public body, charitable foundation, a specialised grant-making institution, or in some cases a business with a corporate social responsibility mission, to an individual or another entity, usually, a non-profit organisation, sometimes a business or a local government body, for a specific purpose linked to public benefit. Unlike loans, grants are not intended to be paid back. Examples include student grants, research grants, the Sovereign Grant paid by the UK Treasury to the monarch, and some European Regional Development Fund payments in the European Union.[1]

Latin grant dated 1329, written on fine parchment or vellum, with seal