subsidy

//ˈsʌb.sɪ.di//
B2Frequency Level 9Formal
Visual representation of subsidy

Noun

subsidySingular
subsidiesPlural
1

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.

The government provides subsidies to farmers to keep food prices affordable.

2

Financial assistance or support given to help fund a project, organization, or activity.

The nonprofit received a subsidy to expand its community programs.