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Subsidy: meaning, definitions and examples

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subsidy

 

[ ˈsʌbsɪdi ]

Noun
Context #1 | Noun

government support

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.

Synonyms

financial aid, grant, subvention.

Which Synonym Should You Choose?

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Word Description / Examples
subsidy

This entry appears to be a duplicate and its context is covered above.
grant

Use when money is awarded for a specific purpose without the need for repayment, typically by a government or organization to an individual or group for research, projects, or startups.

  • He won a grant to study environmental changes in the Arctic.
  • The community center received a grant to expand its facilities.
financial aid

This is commonly used in the context of education to refer to funds provided to students to help pay for their education.

  • She received financial aid to cover her university tuition.
  • Many colleges offer financial aid packages to eligible students.
subvention

A formal term often used in legal, governmental, or economic contexts to describe subsidies or aid given to an organization, institution or sector.

  • The arts organization was able to remain open thanks to a subvention from the local government.
  • The health sector received a subvention to support its programs.

Examples of usage

  • The agricultural sector receives subsidies to ensure food security.
  • The government provides subsidies to encourage the use of renewable energy sources.
  • Subsidies are often given to struggling industries to prevent job losses.

Translations

Translations of the word "subsidy" in other languages:

🇵🇹 subsídio

🇮🇳 सब्सिडी

🇩🇪 Subvention

🇮🇩 subsidi

🇺🇦 субсидія

🇵🇱 subwencja

🇯🇵 補助金 (hojokin)

🇫🇷 subvention

🇪🇸 subvención

🇹🇷 sübvansiyon

🇰🇷 보조금 (bojo-geum)

🇸🇦 إعانة مالية (i'ianat maliat)

🇨🇿 dotace

🇸🇰 dotácia

🇨🇳 补贴 (bǔtiē)

🇸🇮 subvencija

🇮🇸 niðurgreiðsla

🇰🇿 субсидия

🇬🇪 სუბსიდია (subsidia)

🇦🇿 subsidiya

🇲🇽 subvención

Etymology

The term 'subsidy' originated in the 14th century from the Old French word 'subsidie', which in turn came from the Latin word 'subsidium' meaning assistance or support. The concept of providing financial aid or support to industries or businesses dates back to ancient civilizations, but modern practices of government subsidies began to emerge during the industrial revolution.

Word Frequency Rank

At #6,204 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.