Grant-In-Aid

Categories: Tax

An alternative Civil War history written in 1921 by Southern writer P.T.L. Whistleguard. The plot involved U.S. Grant deciding to quit the Union army and join Robert E. Lee. Its politics were...problematic.

Turning to finance...the term "grant-in-aid" refers to a specific kind of government funding. This form of outlay represents funds provided by a central government for some specific purpose. The money can go to a local government, a non-profit organization, or an individual.

Think: grants to artists or scientists to help them pursue their work. Or money to a local government for a new fire truck.

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