Meaning of grant-in-kind | Babel Free

Definitions

A grant of goods or services provided free of charge or the transfer of ownership of a nonfinancial asset in which the donor does not receive anything of commensurate value in return.

Examples

“In these circumstances, part or none of the tied grant-in-kind might be treated by the inclusion approach⟳.”

“In 2004, the group leased one acre of land⟳ from the host⟳ farmer and grew maize using seed and fertilizer that was obtained as a grant-in-kind from KARI.”

“This is a grant-in-kind administered by the national Department of Basic Education (DBE) that may be transferred to a province through the Education Infrastructure Grant if the profvince is able to demonstrat, through a proven track record⟳, that it has the capacity to implement the projects.”

CEFR level