Legal Definitions - subvention

Definition: Subvention is a type of financial aid or assistance given to an organization or individual by a government or other entity. It is essentially a subsidy that helps to support the recipient's activities or goals.

Examples:

• A non-profit organization receives a subvention from the government to help fund its programs and services.
• A small business receives a subvention from a local economic development agency to help cover the costs of expanding its operations.
• A university receives a subvention from a research foundation to support a specific research project.

These examples illustrate how subventions can be used to provide financial support to a wide range of organizations and individuals. By providing funding that might not otherwise be available, subventions can help to promote important social, economic, and scientific goals.