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SUBSIDY (through Fr. from Lat. subsid...

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Originally appearing in Volume V26, Page 2 of the 1911 Encyclopedia Britannica.
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SUBSIDY (through Fr. from See also:Lat. subsidium, reserve troops, aid, assistance, from subsidere, literally " to sit or remain behind or in reserve,")  , an aid, subvention, assistance granted especially in See also:money . The word has a particular use in economic histpry and practice . In See also:English See also:history it is the See also:general See also:term for a tax granted to the See also:king by See also:parliament, and so distinguished from those dues, such as the customs dues, which were raised by the royal See also:prerogative; of these subsidies there were many varieties; such was the See also:subsidy in excess of the customs on See also:wool, See also:leather, See also:wine or See also:cloth exported or imported by aliens, later extended to other articles and to native exporters and importers (see See also:TONNAGE AND POUNDAGE); there was also the subsidy which in the 14th See also:century took the See also:place of the old feudal levies . Apart from this application the term, in See also:modern times, is particularly applied to the pecuniary assistance by means of bounties, &c., given by the See also:state to See also:industrial undertakings (see See also:BOUNTY) . Subsidies granted by the state to See also:literary, dramatic or other See also:artistic institutions, See also:societies, &c., are generally styled " subventions (See also:Lat. subvenire, to come to the aid of) .

End of Article: SUBSIDY (through Fr. from Lat. subsidium, reserve troops, aid, assistance, from subsidere, literally " to sit or remain behind or in reserve,")
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