What is SUBSIDY?

In English law. An aid, tax, or tribute granted by parliament to the king for the urgent occasions of the kingdom, to be levied on every subject of ability, according to the value of his lands or goods. Jacob. In American law. A grant of money made by government in aid of the promoters of any enterprise, work, or improvement in which the government desires to participate, or which is considered a proper subject for state aid, because likely to be of benefit to the public. In international law. The assistance given in money by one nation to another to enable it the better to carry on a war. when such nation does uot join directly in tlie war. Vattel, bk. 3,

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