Grubstake - Tax Ninja's Word of the Week

Team Ninja   July 19, 2020

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Grubstake

[ gruhb-steyk ]


 

  • Noun

provisions, gear, etc., furnished to a prospector on condition of participating in the profits of any discoveries.

money or other assistance furnished at a time of need or of starting an enterprise.

 

  • Verb (used with object), grub·staked, grub·stak·ing.

to furnish with a grubstake

 

  • Financial Usage

Grubstake refers to an amount of money advanced to someone starting a business in return for a share of the future profits.

Example : I want to quit my job and start a e-Commerce Platform. But I'm having trouble finding anybody to put up a grubstake to help me get started.


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