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Grant Definition

grant – n : a type of funding typically provided by government agencies or non-profit foundations. If your company wins a grant, this is “free money” – i.e., the grant does not purchase an ownership stake in your company, and your company does not have to pay it back.
– v : to give. In the corporate world, used frequently in reference to stock options for employees; employees are granted stock options.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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