Definition, Meaning & Synonyms
grant-funding
noun
/ɡrænt ˈfʌndɪŋ/
Definition
Grant funding refers to financial assistance provided by one entity (often a government or nonprofit organization) to a recipient (such as an individual, organization, or business) in the form of a grant.
Examples
- The organization applied for grant funding to support its new educational program.
- Many researchers rely on grant funding to cover the costs of their studies.
- Without grant funding, the project would likely face significant financial hurdles.
Meaning
The money given through grant funding is typically used for specific projects, research, or initiatives and does not need to be repaid, unlike loans.
Synonyms
- financial aid
- subsidy
- sponsorship
