Financial Assistance
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Financial Assistance
Financial Assistance (pronunciation: /ˈfʌɪnænʃəl əˈsɪstəns/) refers to the provision of funds or resources by an organization or government to individuals or other organizations in need.
Etymology
The term "Financial Assistance" is derived from the English words "financial", meaning related to finance or money, and "assistance", meaning help or support.
Related Terms
- Grant: A sum of money given by a government or other organization for a particular purpose.
- Loan: A sum of money that is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing.
- Scholarship: A grant or payment made to support a student's education, awarded on the basis of academic or other achievement.
- Subsidy: A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
- Welfare: Financial support given to people in need.
See Also
External links
- Medical encyclopedia article on Financial Assistance
- Wikipedia's article - Financial Assistance
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