subvention


sub·ven·tion

noun \səb-ˈven(t)-shən\

: an amount of money that is given to a person or group by a government or organization

Full Definition of SUBVENTION

:  the provision of assistance or financial support: as
a :  endowment
b :  a subsidy from a government or foundation
sub·ven·tion·ary \-shə-ˌner-ē\ adjective

Examples of SUBVENTION

  1. <the committee receives an annual subvention from the foundation to run the museum>

Origin of SUBVENTION

Middle English subvencion, from Middle French & Late Latin; Middle French subvencin, from Late Latin subvention-, subventio assistance, from Latin subvenire to come up, come to the rescue, from sub- up + venire to come — more at sub-, come
First Known Use: 15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with SUBVENTION

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