grants
n. countablen. amounts of money given by a government or organization for a specific purpose, like education or research. Unlike a loan, you do not usually have to pay this money back.
n. financial awards provided by a government, foundation, or institution for a specific project or purpose. Often awarded through a competitive application process and typically non-repayable.
She applied for several grants to help pay for university.
The local council offers small grants to help neighborhood groups improve their community gardens.
Securing federal research grants has become increasingly competitive, forcing many laboratories to seek additional funding from private donors and corporate partnerships to sustain their long-term projects.
Commonly used in the plural when referring to the general availability of funding.
I need to pay back my grantI need to pay back my loanGrants are gifts of money that do not require repayment, unlike loans.