A land grant is essentially a gift of land by the government to an individual, organization, or company. It is often bestowed as an incentive for service to the community, or as a reward for performance of some kind. This type of grant can go by many names, such as a land patent, homestead grant, or deed, to name a few. These synonyms generally refer to different types of land grants, such as those for farming purposes, for public use, or for settlement in new territories. Regardless of the name, land grants have played a significant role in the history and development of nations around the world.