grant-in-aid

/'grɑ:ntin'eid/

Thân thiện

The university received a grant-in-aid to build a new science laboratory.

Definition

1. Noun:
   • A sum of money given by a government or organization to support a specific project or institution: A "grant-in-aid" is a financial award, typically from a central or higher-level authority, provided to fund a particular educational, research, or public service initiative.
   • A transfer of funds from a central government to a regional or local government: In public finance, a "grant-in-aid" refers to money allocated by a national or federal government to a state or local government to assist in financing a specific program or function.

Usage

• The term is used as a countable noun.
• It often specifies the purpose of the funding, such as for education, research, or infrastructure.
• It is commonly used in formal, governmental, academic, and institutional contexts.

Examples

• The university received a grant-in-aid from the federal government to establish a new science laboratory.
• The state's transportation improvements were made possible by a federal grant-in-aid.
• Many local museums operate thanks to annual grants-in-aid from the arts council.

Advanced Usage

• "To be in receipt of a grant-in-aid": To be receiving such funding.
  • The research institute is in receipt of a substantial grant-in-aid for its climate studies.
• "Grant-in-aid system": Refers to the structured method or policy through which such grants are distributed.
  • The reform of the grant-in-aid system is a major topic for the finance committee.

Variants and Related Words

• Grant (n): A broader term for a sum of money given for a particular purpose, often by an official body. A grant-in-aid is a specific type of grant.
• Subsidy (n): Financial assistance granted by a government to support an industry, business, or public service, often to keep prices low. While similar, a subsidy is often more general or ongoing, whereas a grant-in-aid is typically for a specific project.
• Appropriation (n): An amount of money allocated officially for a specific use, especially by a government.

Synonyms

• Allocation: An amount of money or resources assigned for a particular purpose.
• Subvention: A grant of money, especially from a government.

Antonyms

• Loan: A sum of money that is expected to be paid back with interest.
• Fine: A sum of money imposed as a penalty for an offense.

Related Phrases

• Conditional grant-in-aid: A grant given with specific requirements or conditions that the recipient must meet.
  • The conditional grant-in-aid required the city to match 20% of the funds.
• Block grant: A large sum of money granted by a central government to a regional government with broad discretion on how it is spent. This is a related but distinct concept from a specific project-based grant-in-aid.

Học thuật

Noun

1. a grant to a person or school for some educational project
2. a grant from a central government to a local government