Restricted Grant
/ˈrɛstrɪktɪd ɡrɑːnt/
Definitions
- (n.) A grant of rights or funds subject to specific limitations or conditions.
The restricted grant required the recipient to use the funds exclusively for educational purposes.
Forms
- restricted grant
- restricted grants
Related terms
See also
Commentary
Restricted grants often include explicit terms limiting the scope or use of the grant, necessitating clear drafting to avoid ambiguity.
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.