Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources.
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^ Joel Moses (June 1970), The Function of FUNCTION in LISP, or Why the FUNARG Problem Should Be Called the Environment Problem, hdl:1721.1/5854, AI Memo 199, A useful metaphor for the difference between FUNCTION and QUOTE in LISP is to think of QUOTE as a porous or an open covering of the function since free variables escape to the current environment. FUNCTION acts as a closed or nonporous covering (hence the term "closure" used by Landin). Thus we talk of "open" Lambda expressions (functions in LISP are usually Lambda expressions) and "closed" Lambda expressions. [...] My interest in the environment problem began while Landin, who had a deep understanding of the problem, visited MIT during 1966-67. I then realized the correspondence between the FUNARG lists which are the results of the evaluation of "closed" Lambda expressions in LISP and ISWIM's Lambda Closures.
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Continuations in Scheme are first-class objects. Scheme provides the procedure call-with-current-continuation (also known as call/cc) to capture the current continuation by packing it up as an escape procedure bound to a formal argument in a procedure provided by the programmer. (R5RS sec. 6.4) First-class continuations enable the programmer to create non-local control constructs such as iterators, coroutines, and backtracking.
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A formal lambda system has axioms and a complete calculation rule. It is helpful for the analysis using mathematical logic and tools. In this system, calculation can be seen as a directional deduction. The syntax of lambda calculus follows the recursive expressions from x, y, z, ...,parentheses, spaces, the period and the symbol λ. The function of lambda calculation includes: First, serve as a starting point of powerful mathematical logic. Second, it can reduce the requirement of programmers to consider the implementation details, because it can use for imitate machine evaluation. Finally, the lambda calculation created a substantial meta-theory.
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See also: agenda, arrangement, artifice, avenue, blueprint, cabal, campaign, circumvent, codification, connivance, connive, conspiracy, conspire, contrivance, contrive, course, design, device, devise, direction, endeavor, enterprise, expedient, forethought, form, formulate, frame, goal, hoax, intend, intent, invent, machination, maneuver, mode, organization, plan, platform, plot, ploy, policy, practice, procedure, process, program, project, proposal, proposition, prospectus, racket, ruse, stratagem, strategy, structure, suggestion, system, trick, undertaking
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Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes. Fundings such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal as per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding.
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