Grant, n. [OE. grant, graunt, OF. graant, creant, promise, assurance. See Grant, v. t.] 1. The act of granting; a bestowing or conferring; concession; allowance; permission.
2. The yielding or admission of something in dispute.
3. The thing or property granted; a gift; a boon. Especially: a sum of money given to an institution, group, or individual for a specific purpose, such as for scientific research; as, he got a million-dollar
grant from the National Institutes of Health to study cancer. Grants for research and other purposes are given usually by government agencies, charitable foundations, or industrial organizations.
[1913 Webster +PJC]
(Law) A transfer of property by deed or writing; especially, an appropriation or conveyance made by the government; as, a
grant of land or of money; also, the deed or writing by which the transfer is made.
Formerly, in English law, the term was specifically applied to transfers of incorporeal hereditaments, expectant estates, and letters patent from government and such is its present application in some of the United States. But now, in England the usual mode of transferring realty is by grant; and so, in some of the United States, the term grant is applied to conveyances of every kind of real property.
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Fri 27th November 2020