A sum of money provided to a party to further an activity, interest or endeavor. May refer to government grants which are paid to private persons or entities to assist in furthering an enterprise or endeavor which is deemed beneficial to the public.
Law Dictionary – Alternative Legal Definition
In English law. An aid, tax, or tribute granted by parliament to the king for the urgent occasions of the kingdom, to be levied on every subject of ability, according to the value of his lands or goods. Jacob. In American law. A grant of money made by government In aid of the promoters of any enterprise, work, or improvement in which the government desires to participate, or which is considered a proper subject for state aid, because likely to be of benefit to the public. In international law. The assistance given in money by one nation to another to enable it the better to carry on a war, when such nation does not join directly in the war.