Investopedia explains '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).
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