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Sagot :
Categorical grants dictate the terms and conditions state governments would have to meet in order to qualify for financial assistance in a specific policy area.
Categorical grants specify the requirements that state governments must achieve in order to be eligible for funding in a particular area of policy. Any kind of financial aid or support that an individual, group, or government receives is referred to as financial assistance. Guarantees, loans, cost-sharing agreements, subsidies, and welfare payments.
Financial help can also take the form of tax exemptions, donations, and government bailouts of failing businesses. Financial assistance in the context of publicly traded firms refers to support provided by a company towards the acquisition of its own shares. It may also entail support in the purchase of the shares of its holding businesses.
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