SUB'SIDY, n. [L. subsidium, from subsido, literally to be or sit under or by.] 1. Aid in money; supply given; a tax;something furnished for aid, as by the people to their prince; as the subsidies granted formerly to the kings of England. Subsidies were a tax, not immediately on property,but on persons in respect of their reputed estates, after the nominal rate of 4s. the pound for lands, and 2s. 8d. for goods.2. A sum of money paid by one prince or nation to another, to purchase the service of auxiliary troops, or the aid of such foreign prince in a war against an enemy. Thus Great Britain paid subsidies to Austria and Prussia, to engage them to resist the progress of the French. |
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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. 
