SUBVENTION Definition

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SUBVENTION is the provision of assistance or financial support such as an endowment or a subsidy from a government or foundation.

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PROMISES FOR THE FUTURE is not a standard term, but is sometimes used in contracts to delineate what orders/commitments may exist in the future. Dependent upon the contractual language, it may or may not be binding.

FINANCIAL BUDGET is focused on capital expenditures and on a business's budgeted cash position:

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