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Donation-based Crowd Funding

It kinda is what it sounds like. A ton of people get really excited about a new mower that you can program to automatically cut the likeness of your favorite president into your front lawn. They all chip in a few bucks...or more...the mower geniuses get their funding, and the thing becomes a reality. Long live Franklin Pierce.

Find other enlightening terms in Shmoop Finance Genius Bar(f)