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Basic definition of EC grants and procurement contracts. - or the functioning of a body which pursues an aim of general European interest or has an objective forming part of a European Union policy.
noun, plural grants-in-aid. 1. a subsidy furnished by a central government to a local one to help finance a public project, as the construction of a highway or school. 2. a financial subsidy given to an individual or institution for research, educational, or cultural purposes. Origin of grant-in-aid.