Grubstake: meaning, definitions and examples
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grubstake
[ ˈɡrəbˌsteɪk ]
financial support
A grubstake is a financial arrangement where one party provides funds or supplies to another, particularly in the context of mining or exploration. This term is often used when an investor backs a prospecting venture, expecting to receive a share of the profits once the endeavor yields results. The grubstake serves as a crucial lifeline for those who may lack capital but have a promising project. Historically associated with miners during gold rushes, the concept embodies the spirit of partnerships that aim for mutual benefit.
Synonyms
backing, financial support, funding, investment.
Examples of usage
- He provided a grubstake for the mining expedition.
- The grubstake allowed her to pursue her dream of finding gold.
- In return for his grubstake, he expected a share of the profits.
- Many prospectors relied on grubstakes to fund their ventures.
Translations
Translations of the word "grubstake" in other languages:
🇵🇹 financiamento
🇮🇳 आरंभिक पूंजी
🇩🇪 Finanzhilfe
🇮🇩 modal awal
🇺🇦 фінансування
🇵🇱 finansowanie
🇯🇵 資金提供
🇫🇷 financement
🇪🇸 financiamiento
🇹🇷 finansman
🇰🇷 자금 지원
🇸🇦 تمويل
🇨🇿 financování
🇸🇰 financovanie
🇨🇳 融资
🇸🇮 financiranje
🇮🇸 fjármögnun
🇰🇿 қаржыландыру
🇬🇪 ფინანსირება
🇦🇿 maliyyə dəstəyi
🇲🇽 financiamiento
Etymology
The term 'grubstake' comes from the mining jargon of the American West during the gold rush era of the mid-19th century. It is believed to have originated from the combination of 'grub', referring to food or provisions, and 'stake', which signifies an interest or investment in an enterprise. The earliest usage of the word can be traced back to the 1870s, when it described the funds provided to prospectors to sustain their efforts while searching for valuable minerals. As mining booms occurred, this practice became widespread, allowing those with limited resources to participate in potentially lucrative ventures. Over time, the usage of the term expanded beyond mining to include any financial support arrangement where an investor provides resources to someone else with the expectation of future returns.