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Subsidy in United Kingdom

Concept of Subsidy

The following is an old definition of Subsidy [1], a term which has several meanings:1. Aid granted, to the king by Parliament, upon exigencies of state, to be levied of each subject upon his property; also, a custom payable upon exports and imports of staple commodities. 2. Pecuniary assistance from a government toward an enterprise of benefit to the public; as, of money to a steamship company, or of money and lands to a railroad corporation. 3. Money paid an ally in war.

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Notes and References

  1. Meaning of Subsidy provided by the Anderson Dictionary of Law (1889) (Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims and an Exposition of the Principles of Law: Comprising a Dictionary and Compendium of American and English Jurisprudence; William C. Anderson; T. H. Flood and Company, Law Publishers, Chicago, United States)

English Law: Subsidy in the Past

An aid, tax (see more about this popular legal topic in the U.K. encyclopedia) or tribute granted by parliament to the king for the urgent occasions of the kingdom, to be levied on every subject of ability, according to the value of his lands or goods. Jacob’s Law. Dict. h. t.

Developments

The assistance given in money by one nation to another to allow it the better to carry on a war, when such nation does not join directly in the war, is called a subsidy. Vattel, liv. 3, 82. See Neutrality. [1]

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Notes and References

  1. Partialy, this information about subsidy is based on the Bouvier´s Law Dictionary, 1848 edition. There is a list of terms of the Bouvier´s Law Dictionary, including subsidy.

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Schema Summary

  • Article Name: Subsidy
  • Author: Timothy Millett
  • Description: Concept of Subsidy The following is an old definition of Subsidy [1], a term which has several meanings:1. Aid granted, to [...]

This entry was last updated: May 23, 2020

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