Grubstaking: meaning, definitions and examples
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grubstaking
[ ˈɡrəbˌsteɪkɪŋ ]
financial support
Grubstaking refers to a financial arrangement in which one party provides funds to another for a specific project or venture, often in exchange for a share of the resulting profits. This term is commonly associated with mining, where an investor provides money to a prospector to support exploration in return for a percentage of any future finds. The grubstake can be vital for those without sufficient resources to pursue their business endeavors. It embodies a form of joint investment where both parties share the risks and rewards involved in the undertaken project.
Synonyms
Examples of usage
- The miner secured a grubstake agreement to fund his exploration efforts.
- Grubstaking is common in remote areas where investors back local prospectors.
- Without a grubstake, many young prospectors would struggle to start their ventures.
- The businessman provided grubstaking for several mining operations across the region.
Translations
Translations of the word "grubstaking" in other languages:
🇵🇹 financiamento de mineração
🇮🇳 खुदाई का वित्तपोषण
🇩🇪 Grubstaking
🇮🇩 pembiayaan pertambangan
🇺🇦 фінансування видобутку
🇵🇱 finansowanie górnictwa
🇯🇵 採掘資金提供
🇫🇷 financement minier
🇪🇸 financiamiento de minería
🇹🇷 madencilik finansmanı
🇰🇷 광산 자금 지원
🇸🇦 تمويل التعدين
🇨🇿 financování těžby
🇸🇰 financovanie ťažby
🇨🇳 矿业融资
🇸🇮 financiranje rudarstva
🇮🇸 fjármögnun námuvinnu
🇰🇿 кен қазу қаржыландыру
🇬🇪 მთის რესურსების დაფინანსება
🇦🇿 mədən maliyyələşdirməsi
🇲🇽 financiamiento de minería
Etymology
The term 'grubstaking' has its origins in the mining industry, particularly during the Gold Rush era of the 19th century in the United States. It combines the word 'grub,' which is slang for food or provisions, with 'stake,' a common term used to denote an investment or share in a venture. Historically, grubstaking was used to describe the practice of providing someone with the necessary supplies and finances to embark on a mining expedition, often ensuring that the prospector had enough resources to survive while searching for precious metals. As mining ventures were high-risk and capital-intensive, this form of investment became crucial in enabling prospectors to explore new territories. Over time, the concept broadened beyond mining to encompass various types of financial support arrangements in different industries.