Which financial term refers to money that does not need to be repaid when conditions are met?

The term that refers to money that does not need to be repaid when conditions are met is government grants. Grants are funds provided by the government or other organizations that are given to individuals or businesses to support specific projects or initiatives, often with specific conditions attached. When recipients meet these conditions, they typically do not have to repay the money, which distinguishes grants from loans that must be paid back with interest.

In contrast, business loans require repayment over time, with interest, while investments involve putting money into a venture with the expectation of future returns, but the initial investment must be recovered. Salaries represent compensation for work performed and are classified as personal income rather than a financial aid or support mechanism. Therefore, government grants stand out because they provide financial assistance without the burden of repayment, provided the specified criteria are fulfilled.