1

grant

verb \ ˈgrant \
Updated on: 17 Nov 2017

Definition of grant

transitive verb
1 a : to consent to carry out for a person : allow fulfillment of
  • grant a request
b : to permit as a right, privilege, or favor
  • luggage allowances granted to passengers
2 : to bestow or transfer formally
  • grant a scholarship to a student
; specifically : to give the possession or title of by a deed
3 a : to be willing to concede
  • I grant you that the house is not in perfect condition.
b : to assume to be true
  • granting that you are correct

grantable

play \ˈgran-tə-bəl\ adjective

granter

play \ˈgran-tər\ noun

grantor

play \ˈgran-tər, -ˌtȯr; gran-ˈtȯr\ noun

Examples of grant in a Sentence

  1. The mayor refused to grant my request for an interview.

  2. The court granted the motion for a new trial.

  3. I cannot grant you that wish.

  4. We haven't yet been granted access to the archive.

  5. The country was granted independence in 1950.

  6. The judge granted custody of the children to their mother.

  7. I grant that he's a talented writer, but I just don't find his books very interesting.

  8. The house is not perfect, I grant you that.

Recent Examples of grant from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'grant.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of grant

Middle English, from Anglo-French granter, graanter, from Vulgar Latin *credentare, from Latin credent-, credens, present participle of credere to believe — more at creed

Synonym Discussion of grant

grant, concede, vouchsafe, accord, award mean to give as a favor or a right. grant implies giving to a claimant or petitioner something that could be withheld.
    • granted them a new hearing
concede implies yielding something reluctantly in response to a rightful or compelling claim.
    • even her critics concede she can be charming
vouchsafe implies granting something as a courtesy or an act of gracious condescension.
    • vouchsafed the secret to only a few chosen disciples
accord implies giving to another what is due or proper.
    • accorded all the honors befitting a head of state
award implies giving what is deserved or merited usually after a careful weighing of pertinent factors.
    • awarded the company a huge defense contract

2

grant

noun

Definition of grant

1 : the act of granting
2 : something granted; especially : a gift (as of land or money) for a particular purpose
3 a : a transfer of property by deed or writing
b : the instrument (see 1instrument 4) by which such a transfer is made; also : the property so transferred
4 : a minor territorial division of Maine, New Hampshire, or Vermont originally granted by the state to an individual or institution

Examples of grant in a Sentence

  1. Her study is being funded by a federal grant.

  2. They wrote a grant proposal to get funding for the project.

Recent Examples of grant from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'grant.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of grant

see 1grant


Grant

biographical name \ ˈgrant \

Definition of Grant

Cary 1904–1986 originally Archibald Alexander Leach American (British-born) actor

Grant

biographical name

Definition of Grant

Ulysses S. 1822–1885 originally Hiram Ulysses Grant American general; 18th president of the U.S. (1869–77)

Financial Definition of GRANT

grant

What It Is

In the business world, a grant usually refers to a stock option grant. However, the term can also refer to federal funding for research, business ventures or partnerships.

How It Works

Let's assume that John Doe receives options to buy 2,000 shares of Company XYZ, his employer, for $10 a share. He receives the option grant as part of his compensation package. His shares vest over a five-year period, meaning they do not become exercisable for five years.

Accordingly, if Company ABC comes along and buys a 51% stake in Company XYZ and John Doe's options automatically vest, John could exercise his options at $10 a share, sell the shares for $20 a share, and walk away with a tidy profit.

Why It Matters

Option grants are incentive compensation that encourage employees to do work that increases the stock price and thus shareholder value, which is the primary objective of all businesses. A company's board of directors normally must approve option grants.


grantor

What It Is

In the legal world, a grantor is a person or entity creating a trust.

How It Works

A trustee is a person or entity that has a fiduciary duty to another person or entity, called the beneficiary. The trustee holds cash, assets or title to property for the benefit of the beneficiary. The trustee's job is to appropriately manage the assets in the trust and ensure they are disbursed in the best interests of the beneficiary on behalf of the grantor.

Trusts and grantors of those trusts are often involved in a variety of situations, particularly those relating to personal estates. In the business world, companies often involve trustees in debt offerings, mergers and other situations involving two parties, a large amount of money, and conditions under which the money moves between the parties.

For example, let's assume Company XYZ issues $100 million of bonds. Company XYZ, the grantor, will appoint a trustee, usually a large bank or similar entity, to act on behalf of the bondholders. The trustee receives and distributes interest payments to the bondholders, maintains lists of the bondholders, and performs similar duties on their behalf. The trustee also monitors Company XYZ's compliance with the covenants and communicates with the bondholders when the issuer is not in compliance.

If the bonds have a sinking fund (which is a requirement to set money aside periodically to repay the bonds), the grantor, Company XYZ, will be required to make payments to the trustee during the bond term. The trustee would then use the funds to repurchase some or all of the bonds on the open market.

Why It Matters

Trusts and the grantors that create them play an important role for businesses and individuals. In many cases, grantors appoint trustees to make sure that assets held on behalf of individuals are not misused. However, companies also have similar wishes in some situations.

As mentioned earlier, the trustee's job is to act in the best interests of the beneficiary. This responsibility is called fiduciary duty, and the trustee is legally obligated to uphold this duty. If it fails to do so, it could be legally liable for damages even if the grantor approves of its actions.



GRANT Defined for English Language Learners

grant

verb

Definition of grant for English Language Learners

  • : to agree to do, give, or allow (something asked for or hoped for)

  • : to give (something) legally or formally

  • : to admit (something) although it does not agree with or support your opinion


grant

noun

Definition of grant for English Language Learners

  • : an amount of money that is given to someone by a government, a company, etc., to be used for a particular purpose (such as scientific research)

  • : an area of land that is given to someone by a government


GRANT Defined for Kids

1

grant

verb \ ˈgrant \

Definition of grant for Students

granted; granting
1 : to agree to do, give, or allow
  • I'll grant you three wishes.
  • The teacher granted an extension.
2 : to give legally or formally The country was granted independence.
3 : to admit to or agree with
  • “She's a little one-sided, I grant you,” Mrs. Murry said …
  • —Madeleine L'Engle, A Wrinkle in Time

2

grant

noun

Definition of grant for Students

1 : the act of giving or agreeing to
2 : something given
  • a land grant

Law Dictionary

1

grant

transitive verb

legal Definition of grant

1 : to permit as a right or privilege
  • grant a new trial
  • the Supreme Court granted certiorari
2 : to bestow or transfer formally; specifically : to transfer the possession or title of by a deed : convey

2

grant

noun

legal Definition of grant

1 : the act of granting
2 : something granted; especially : a gift (as of land or money) for a particular purpose
3 a : a transfer of property by deed or writing
b : the instrument by which such a transfer is made; also : the property so transferred


Seen and Heard

What made you want to look up grant? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

sticky or viscid

Get Word of the Day daily email!

Test Your Vocabulary

Find the Cousins

  • a-large-tree-with-many-branches
  • Which pair shares a common word ancestor?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!