GRANT

to give, allow or transfer something to another, with or without compensation; especially, a gift of land made by one having authority over it. The one giving the gift or making the transfer is the GRANTOR. The recipient is the GRANTEE. Compare convey.

Also, generally, to yield or concede, as in to grant a request.

LAND GRANT a governmental grant to another level of government, a corporation, or an individual, without compensation. Many of the first colleges in the United States were established as land-grant colleges, with the land being donated to the schools by federal or state governments.
Source: Barron's Dictionary of Legal Terms, Steven H. Gifis, 5th Edition; © 2016