sponsor

B2Frequent NGSL-3
UK /ˈspɒnsə(r)/US /ˈspɑːnsər/

Meaning

noun
a person or company that pays for a radio or television programme, or for a concert or sporting event, usually in return for advertising
The programme is funded by a number of corporate sponsors.
verb
to pay the costs of a particular event, programme, etc. as a way of advertising
Sports events are no longer sponsored by the tobacco industry.

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