Grants Terminology


Automated Clearing House (utilized by Treasury Department to wire payments).
Cooperative Agreement
An agreement in which the Federal Government provides funding or a thing of value authorized by public statute and the government plays a substantial role.
Cost Sharing
That portion of a project or program costs not borne by the Federal Government.
Agreement in which the Federal Government provides funding or a thing of value to support a public purpose authorized by public statute. The Government is not the recipient of the good or service and does not play a substantial role.
Negotiated Indirect Cost Rate Agreement. A method of charging costs which can not be directly identified.
Prior approval
Written approval by an authorized official evidencing prior consent.
Standard Form 425—used to prepare financial reports for a grant or cooperative agreement.
Standard Form 270 - used to request advances or reimbursements for a grant or cooperative agreement.
An award of financial assistance in the form of money, or property in lieu of money, made under an award by a recipient to an eligible subrecipient or by a subrecipient to a lower tier subrecipient. The term includes financial assistance when provided by any legal agreement, even if the agreement is called a contract, but does not include procurement of goods and services nor does it include any form of assistance which is excluded from the definition of award.
A legal entity to which a subaward is made and which is accountable to the recipient for the use of the funds provided.

In their own words

Photo of Westmoreland
Shavia W. Participant ParticipantUndergraduate University Students Western Hemisphere Critical Language Scholarship Program East Asia and the Pacific Read the story