Grant

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

1. Verb.

To create or transfer an interest in property.

The interest in the property might be outright ownership, or a lesser interest such as a security right.


2. Noun.

Funding that does not need to be repaid by the party receiving it.


Debts must be reduced
"[corporate] debts must be reduced to match revised asset profiles.
In this regard it is comforting to note that the French government is looking at converting €130bn of its crisis loans into grants.
Quite what might happen in the UK, where there are credible predictions that over a third of the £76bn of COVID-19 support scheme loans will default, remains to be seen."
Nick Hood, senior adviser, Opus Business Services - The Treasurer, Issue 2, June 2021, p37


See also