Definitions
- Referring to a financial aid or support provided by the government or an organization to a specific project or activity. - Talking about a subsidy or grant given to a company or institution to support its operations or research. - Describing a financial assistance given to a non-profit organization or charity to help them achieve their goals.
- Referring to a sum of money given by the government or an organization to support a specific project or activity. - Talking about a financial aid provided to a student to help them pay for their education. - Describing a donation or endowment given to a non-profit organization or charity to support their mission.
List of Similarities
- 1Both subvention and grant refer to financial assistance provided to support a specific project or activity.
- 2Both can be given by the government, organizations, or private foundations.
- 3Both are forms of funding that do not require repayment.
- 4Both can be used to support research, education, or non-profit organizations.
What is the difference?
- 1Definition: Subvention is a financial aid or support provided to a specific project or activity, while grant refers to a sum of money given to support a project or activity.
- 2Usage: Subvention is more commonly used in academic or institutional contexts, while grant is more versatile and can be used in various contexts.
- 3Recipient: Subvention is often given to companies, institutions, or non-profit organizations, while grant can also be given to individuals, such as students or artists.
- 4Amount: Subvention can refer to a larger sum of money given to support a project or activity, while grant can refer to a smaller or more specific amount of money.
- 5Purpose: Subvention is often given to support ongoing operations or research, while grant is often given to support a specific project or activity.
Remember this!
Subvention and grant are both forms of financial assistance provided to support a specific project or activity. However, the difference between them lies in their definition, usage, recipient, amount, and purpose. Subvention is more commonly used in academic or institutional contexts, while grant is more versatile and can be used in various contexts. Subvention is often given to companies, institutions, or non-profit organizations to support ongoing operations or research, while grant is often given to individuals or organizations to support a specific project or activity.
