Grubstake (Noun)
Meaning
Funds advanced to a prospector or to someone starting a business in return for a share of the profits.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The investor agreed to grubstake the young entrepreneur in exchange for a 20% stake in the company.
- The prospector was able to secure a grubstake from a wealthy backer to continue his search for gold.
- In return for a grubstake of $10,000, the inventor agreed to give his investor a 30% share of any future profits.
- The group of friends decided to grubstake their buddy's new business venture, pooling their resources to help him get started.
- After months of struggling to find funding, the artist finally secured a grubstake from a local patron who believed in her talent.