funding

Vocabulary Word

Definition

'Funding' is the money that's been set aside or given to complete a particular task, project, or function. It could be from a person, company, or government.

Examples in Different Contexts

In nonprofit organizations, 'funding' is vital for executing impactful projects and maintaining sustainability. A nonprofit director might declare, 'Through diversified funding sources, we can ensure the continuity and enhancement of our initiatives aimed at community betterment.'

Practice Scenarios

Academics

Scenario:

We've got the groundwork in place for our research proposal, and now we need to focus on securing the necessary monetary support.

Response:

Indeed, acquiring sufficient funding is a critical factor in furthering our research. Let’s start drafting our grant application.

Business

Scenario:

Our startup has some great momentum, but we need to fully capitalize on it. I think it's time to start considering our next step for financial support.

Response:

I agree, we should start exploring more funding opportunities and perhaps pitch to venture capitalists.