Financial Assistance
/ˌfaɪˈnænʃəl əˈsɪstəns/
Definitions
- (n.) Monetary aid or support provided to individuals or entities to help meet financial needs, often regulated to prevent improper influence or ensure compliance with legal standards.
The corporation was prohibited from giving financial assistance to buy its own shares under the company law.
- (n.) Support provided by a government or institution in the form of grants, loans, or subsidies to promote economic or social objectives.
The state offers financial assistance to small businesses to encourage economic development.
Forms
- financial assistance
Related terms
See also
Commentary
In legal contexts, 'financial assistance' often refers specifically to corporate actions involving aid to purchase a company's shares, subject to regulatory restrictions. It also broadly covers government or institutional monetary support.
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.