Grubstaked: meaning, definitions and examples
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grubstaked
[ˈɡrʌbsteɪkt ]
Definition
investment context
Grubstaked refers to the act of providing financial support or supplies to someone, typically a prospector or adventurer, to enable them to pursue a venture, especially in mining. The term has its roots in the early 19th-century practices where 'grub' meant food or provisions, and 'stake' referred to a financial investment.
Synonyms
Examples of usage
- The prospector was grubstaked by his friends before heading into the mountains.
- She grubstaked the team of geologists to continue their exploration.
- Investors grubstaked new miners hoping to find a gold rush.
Interesting Facts
Etymology
- The term comes from mining culture, where someone would provide food (grub) and supplies (stake) for prospectors to search for gold.
- It originally referred to the practice of financing risky ventures in exchange for a share of the profits.
Historical Context
- In the 19th century, grubstaking became common during gold rushes in North America, where many sought fortunes.
- Some grubstake agreements included not just supplies but also legal contracts outlining profit-sharing.
Pop Culture
- The concept appears in various Western movies and literature, portraying the grit and determination of fortune-seekers.
- The word has adapted to modern contexts, being used in business and entrepreneurship to describe initial funding.
Economic Principles
- Grubstaking is an early example of venture capital, where investors take risks with the hope of larger future returns.
- It highlights the importance of initial support in entrepreneurial endeavors, often determining the success of startups.
Psychology
- The practice involves trust and partnership, reflecting how shared goals and resources can motivate individuals.
- It taps into the human desire for collaboration, where people are more likely to pursue risky adventures with support.
Translations
Translations of the word "grubstaked" in other languages:
🇵🇹 financiado em troca de participação
🇮🇳 निवेश किया गया
🇩🇪 finanziert gegen Beteiligung
🇮🇩 dibiayai dengan imbalan
🇺🇦 фінансований у обмін на частку
🇵🇱 finansowany w zamian za udział
🇯🇵 出資を受けた
🇫🇷 financé en échange d'une participation
🇪🇸 financiado a cambio de participación
🇹🇷 ortaklık karşılığında finanse edilmiş
🇰🇷 지분에 대한 자금 지원
🇸🇦 ممول مقابل المشاركة
🇨🇿 financováno výměnou za podíl
🇸🇰 financované výmenou za podiel
🇨🇳 以股份换取资金
🇸🇮 financirano v zameno za delež
🇮🇸 fjármagnað í skiptum fyrir hlutdeild
🇰🇿 үлеске айырбастау арқылы қаржыландырылған
🇬🇪 ფინანსდება წილების სანაცვლოდ
🇦🇿 paytaxt qarşılığında maliyyələşdirilmiş
🇲🇽 financiado a cambio de participación