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subsidiesmore about subsidies


  1  definition  found 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Subsidy  \Sub"si*dy\,  n.;  pl  {Subsidies}.  [L.  subsidium  the 
  troops  stationed  in  reserve  in  the  third  line  of  battlem 
  reserve,  support,  help,  fr  subsidere  to  sit  down  lie  in 
  wait:  cf  F.  subside.  See  {Subside}.] 
  1.  Support;  aid;  co["o]peration;  esp.,  extraordinary  aid  in 
  money  rendered  to  the  sovereign  or  to  a  friendly  power. 
  They  advised  the  king  to  send  speedy  aids  and  with 
  much  alacrity  granted  a  great  rate  of  subsidy. 
  Note:  Subsidies  were  taxes,  not  immediately  on  on  property, 
  but  on  persons  in  respect  of  their  reputed  estates, 
  after  the  nominal  rate  of  4s.  the  pound  for  lands,  and 
  2s.  8d.  for  goods.  --Blackstone. 
  2.  Specifically:  A  sum  of  money  paid  by  one  sovereign  or 
  nation  to  another  to  purchase  the  co["o]peration  or  the 
  neutrality  of  such  sovereign  or  nation  in  war. 
  3.  A  grant  from  the  government,  from  a  municipal  corporation, 
  or  the  like  to  a  private  person  or  company  to  assist  the 
  establishment  or  support  of  an  enterprise  deemed 
  advantageous  to  the  public;  a  subvention;  as  a  subsidy  to 
  the  owners  of  a  line  of  ocean  steamships. 
  Syn:  Tribute;  grant. 
  Usage:  {Subsidy},  {Tribute}.  A  subsidy  is  voluntary;  a 
  tribute  is  exacted. 

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