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Grant in Aid |
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Grant in Aid Funding that a government gives to a private entity for a specific purpose. For example, a government may give a grant in aid to a charity that assists persons in buying their own homes or to a business that invests in a favored industry such as green energy. Grantees must abide by government regulations upon receiving a grant in aid (for example, they may be required to account for government funds separately), but they have general autonomy over how to specifically spend the money. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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