Land grant

A land grant  is a gift of real estate - land or privileges - made by a government or other authority as a reward for services to an individual, especially as rewards for military service. Grants of land are also awarded to individuals and companies to help develop unused land in relatively unpopulated countries.

Roman soldiers were given rewards at the end of their service including cash or land (praemia). Augustus fixed the amount in AD 5 at 3000 denarii and by the time of Caracalla it had risen to 5000 denarii.

In old California, the King of Spain frequently gave land to people he liked, or who helped him.

References

Category:Business
Category:Property