Conditional Grants
/kənˈdɪʃənəl ɡrɑːnts/
Definitions
- (n.) Funds or resources allocated by a grantor to a grantee subject to specific conditions that must be fulfilled for use or retention.
The city received conditional grants to build affordable housing, contingent on meeting construction deadlines.
- (n.) Legal instruments in which the transfer or continuation of rights or property is dependent on the occurrence of a stipulated event or performance of a condition.
The deed included conditional grants requiring that the land be used for educational purposes only.
Forms
- conditional grants
- conditional grant
Related terms
See also
Commentary
Conditional grants require careful drafting to clearly specify conditions and consequences of noncompliance to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.