Glossary
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- Grant
- An instrument of commitment from an outside source for a project. Resources provided by a unilateral agreement signed by the grantor and issued to a grant recipient or grantee. Expenditures are governed by general rules covering all agreements issued by the grantor. The agreement also includes the grantee's obligation to use the resources for the purposes stated in the grant and subject to the conditions of the grant. See Grant, Contract, and Gift Accounting Policy & Procedure Manual.