Grubstake Agreement

“Grubstake.” Dictionary, Merriam-Webster, Access 9 Dec 2020. Grubstake is a linguistic nugget that was unearthed during the famous California Gold Rush, which began in 1848. Between the first stampede and the early 1860s, when gold seekers left for Montana, prospectors combined grub (“food”) and stakes, which meant “a proportional interest or share in a business.” Initially, grubstake was a Nov on any type of loans or provisions that could be implemented to enable a business (with the agreement that the “Grubstaker” would benefit from a reduction in profits). Until 1879, grubstake also appeared as a verb meaning “give someone a grubstake,” and since at least 1937 it has been applied to other situations where a generous benefactor passes with the means. “Kimbro, on the other hand, was travelling far and still hoped to find the speculator who was digging him for the great attack of the hidden field. He would go anywhere, consult someone, and offer all kinds of incentives: “Let me have the money, less than a year, 10% interest, and I will give you a 30-second stake.” — James A. Michener, Texas, 1985 What made you look grubstake? Please tell us where you read or heard it (including the quote, if possible). “When my entrepreneur father had the brilliant idea of starting a microfilm company, he asked my grandfather for financial help just to be rejected…. Finally, his brother Frank, a doctor, dug him for $500 to start the business, a decent sum at the time. – Phil Power, Bridge Magazine, Michigan, Mar 28, 2020 These sets of examples are automatically selected from different online sources of information to reflect the current use of the word “grubstake.” The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. Provide material support (for example. B loans) for starting a business or for a person in difficult conditions.

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