subvention
/səb'venʃn/
Học thuậtThân thiện
The museum received a government subvention to fund its new educational program.
Definition
Noun:
- A grant of money, especially from a government or other official body, to support an institution, project, or person: A "subvention" is financial assistance provided, often to promote arts, education, or public services that might not be commercially viable.
- The act or process of providing such financial aid: "Subvention" can also refer to the action of granting this support.
Verb (less common):
- To provide with a subvention; to subsidize: This means to guarantee or grant financial support to an endeavor.
Usage Examples
Noun:
- The museum's new wing was built with a government subvention.
- The university receives an annual subvention for its research into renewable energy.
Verb:
- The cultural festival was subvented by several national foundations.
- Historically, many royal theaters were subvented by the crown.
Advanced Usage
"To apply for a subvention": to formally request such financial aid.
- The theater company applied for a subvention to stage the classic play.
"Subvention scheme": a structured program for providing grants.
- The new subvention scheme aims to support independent filmmakers.
Variants and Related Words
Subvent (verb): A less common variant of the verb "to subvention."
- The city agreed to subvent the public transportation project.
Subsidy (noun): A more common synonym for financial support, though "subvention" often implies support for cultural or intellectual pursuits.
- Grant (noun): A sum of money given for a specific purpose, similar to a subvention.
Synonyms
- Subsidy: Financial support given to keep prices low or to help an organization.
- Grant: A sum of money awarded for a particular purpose.
- Endowment: A large gift of money or income provided to an institution.
Related Phrases
State subvention: Financial aid provided directly by the government.
- The orchestra relies on a state subvention to operate.
Operating subvention: A grant to cover day-to-day running costs.
- The operating subvention covers the library's staff salaries and utilities.
The museum received a government subvention to fund its new educational program.
Noun
- the act or process of providing aid or help of any sort
- grant of financial aid as from a government to an educational institution
Verb
- guarantee financial support of
- The opera tour was subvented by a bank