Request For Application - RFA

DEFINITION of 'Request For Application - RFA'

A type of solicitation notice in which an organization announces that grant funding is available, and allows researchers and other organizations to present bids on how the funding could be used. The Request For Application (RFA) will typically outline what type of programs are eligible, what the expectations are and how applications are submitted and reviewed.

BREAKING DOWN 'Request For Application - RFA'

A Request For Application is commonly associated with government agencies and non-profits, as these organizations are more likely than non-governmental agencies to release money in the form of grants. For example, a government agency has earmarked funding for research on green energy. It releases a RFA indicating the guidelines and limitations of the project, how much money is available and the scope of the project (in this case, green energy).

RELATED TERMS
  1. Correction Notice

    A notice indicating that a process or application contains errors ...
  2. Request For Quote - RFQ

    A type of bidding solicitation in which a company or organization ...
  3. Credit Application

    A request for an extension of credit, either orally or in written ...
  4. Mortgage Application

    A document submitted by one or more individuals applying to borrow ...
  5. Request For Proposal - RFP

    A type of bidding solicitation in which a company or organization ...
  6. Block Grant

    Money that is awarded, or granted, by a national government to ...
Related Articles
  1. Taxes

    What IRS Form 1023 Is Used For

    To be treated as a tax-exempt organization, start by filling out this form.
  2. Professionals

    Common Interview Questions for Project Managers

    Discover the basic skills needed for a position as a project manager along with common interview questions used in applying for such a position.
  3. Taxes

    5 Steps To Forming A Tax-Exempt Nonprofit Corporation

    Before you tackle this challenge, know the challenges of forming and operating an official nonprofit organization.
  4. Entrepreneurship

    Government Grants for Women-Owned Businesses

    Explore options for financial grants as a female business owner, and discover helpful resources for alternate ways of funding a business, including loans.
  5. Entrepreneurship

    Take Advantage of Small Business Grants for Women

    Discover five grant options that specifically target women-owned businesses, and learn how each of these grants can be of benefit to small business owners.
  6. Taxes

    What IRS Form 990 Tells About a Nonprofit

    Want a picture of an organization's activities? This annual form, open to the public, sums up everything from salaries paid to missions accomplished.
  7. Entrepreneurship

    4 Government Grants for Small Business Owners

    Discover common resources available to and used by small business owners and entrepreneurs in funding initiatives through government grants.
  8. Economics

    What Are The Costs And Benefits Of Organic Food?

    Organic food is becoming more commonplace in supermarkets, and there are several hidden costs and financial benefits associated with the certification.
  9. Personal Finance

    What Gets You In Grad School: GPA Vs. Work History

    Grad schools usually take a holistic approach when evaluating applicants. That means it's a good idea to scrutinize every aspect of your application.
  10. Budgeting

    #1: Avoid Immediate Disaster

    When you're short on cash, a strict budget is the best tool for finding financial stability. Learn 10 proven ways to balance your budget in tough financial times.
RELATED FAQS
  1. How do I apply for Social Security retirement benefits?

    Understand the process of applying for Social Security benefits, the kinds of information and documentation you need, and ... Read Answer >>
  2. Do nonprofit organizations have working capital?

    Discover why financial reserves in the nonprofit world are equivalent to working capital used by for-profit businesses, and ... Read Answer >>
  3. Do nonprofit organizations pay taxes?

    Section 501 of the Internal Revenue Service (IRS) tax code exempts qualified nonprofit organizations from federal taxes. ... Read Answer >>
  4. What are the most common reasons credit limit increase requests are declined?

    Learn about reasons why a request to increase the credit limit on a credit card may be declined, and find out which factors ... Read Answer >>
  5. How many free credit reports can you get per year?

    Obtain a free annual credit report online, by phone or via mail. These reports are offered through the Free Annual Credit ... Read Answer >>
  6. What typically comprises a money market fund?

    Learn about the basic types of money market funds and discover how they are characterized by the types of investments that ... Read Answer >>
Hot Definitions
  1. Goodwill

    An account that can be found in the assets portion of a company's balance sheet. Goodwill can often arise when one company ...
  2. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  3. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  4. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  5. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center