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Grant
A funding source that is available to some organizations.

A transfer of money from one organization to another.


Types of Grants
In the case of local governments, grants can be one of two types - conditional or unconditional.
  • Conditional grants are monies transferred for a specific purpose that may not be used for any other project.
  • Unconditional grants can be used for any purpose the recipient sees fit.

Fig.

See also:
  • m


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