Grant

In Vasarean law, a grant broadly refers to a business venture of an academy carried out via something outside of the institution itself, also known as enterprise (see liberal enterprise). Constitutively speaking, a grant is the delegation and approval of some activity to a second party by the academy, with the 'grant' usually also referring to this party, especially if the academy creates or effectively commands it (in which case it may be known as a subsidiary). Besides property ownership and commerce carried out directly in an academy's name (which is subject to more strict regulation), grants make up a great deal of the economic activities associated with the academies, and is correctly popularly associated with the domination of society by the scholar-mages. Grants make up major research, development, production, and marketing networks that allow academies to command huge parts of Vasarean economies.