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Grant (money)

non-repayable funds disbursed by one party to a recipient

Grants are non-repayable money or products awarded by one party (grant makers) to a recipient. Many times, these are for a nonprofit organization, educational program, a business, or just to a person.

In order to receive a grant, either a proposal or an application is needed. Getting a grant involves following some rules and reporting back on how the money is being used