Meaning of the word subsidies in English

What does subsidies mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

subsidies

Noun

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.

Example:
a farm subsidy
2.

a parliamentary grant to the sovereign for state needs.

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