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Federal matching funds
Public money supplied to campaign funds that match donations made by individual contributors up to a maximum of $250 per donation.
Candidates are not obliged to take matching funds, but if they do, they must restrict their spending to a maximum of approximately $40m during the presidential primary period.
Democrats and Republicans are automatically entitled to a public grant to pay for the cost of conventions. Minor parties are also entitled to a smaller subsidy in proportion to the vote they received. New parties are not eligible.
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- Part of Speech: noun
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- Industry/Domain: Government
- Category: U.S. election
- Company: BBC
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