: not able to be repaid a nonrepayable grant.

What does non repayable grant mean?

The pros of a government grant include that it's non-repayable – you don't have to return the money, or pay interest on it. You're also not giving away equity in your business, as when winning investment.

What does non-refundable mean?

: not subject to refunding or being refunded a nonrefundable bond a nonrefundable fee.