endowment

endowment
Funds or property that are donated with either a temporary or permanent restriction as to the use of principal. American Banker Glossary
————
Gift of money or property to a specified institution for a specified purpose. Bloomberg Financial Dictionary

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endow en‧dow [ɪnˈdaʊ] verb [transitive]
to give a sum of money to a college, hospital etc in order to give it an income:

• He planned the museum and helped raise the $55 million to build and endow it.

— endowment noun [countable, uncountable] :

• King's School received generous new endowments.

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endowment UK US /ɪnˈdaʊmənt/ noun
► [C or U] SOCIAL RESPONSIBILITY money that is given to a college, hospital, etc. in order to provide it with an income, or the giving of this money: an endowment for sth »

The Las Vegas millionaire pledged $10 million for the project and an endowment for the school.

 »

An endowment of $11.3 billion.

► [C] (also endowment assurance, endowment policy) INSURANCE a type of insurance in which you pay a regular amount of money over a particular period of time, or until you die, after which the insurance company pays an amount of money: »

We always aimed to ensure that customers understood that the eventual value of an endowment was not guaranteed.

 »

I was advised to take out an endowment.

► [C] PROPERTY an ENDOWMENT MORTGAGE(Cf. ↑endowment mortgage): »

He was unhappy about the way he had been sold a mortgage endowment.


Financial and business terms. 2012.

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Look at other dictionaries:

  • endowment — en·dow·ment n 1: the act or process of endowing 2: a result or product of endowing: as a: the income of an institution derived from donations the university s ability to attract endowment b: the property (as a fund) donated to an institution or… …   Law dictionary

  • Endowment — • A property, fund, or revenue permanently appropriated for the support of any person, institution, or object, as a student, professorship, school, hospital Catholic Encyclopedia. Kevin Knight. 2006. Endowment     Endowment …   Catholic encyclopedia

  • Endowment — may refer to many things:Finance*Financial endowment; relating to funds or property donated to institutions or individuals *Endowment (Life insurance); payment of the face value of a life insurance policy, usually at age 98 120 *Endowment… …   Wikipedia

  • Endowment — En*dow ment, n. 1. The act of bestowing a dower, fund, or permanent provision for support. [1913 Webster] 2. That which is bestowed or settled on a person or an institution; property, fund, or revenue permanently appropriated to any object; as,… …   The Collaborative International Dictionary of English

  • endowment — [n1] large gift award, benefaction, benefit, bequest, bestowal, boon, bounty, dispensation, donation, fund, funding, gifting, grant, gratuity, income, inheritance, largess, legacy, nest egg, pension, presentation, property, provision, revenue,… …   New thesaurus

  • endowment — mid 15c., “action of endowing,” from ENDOW (Cf. endow) + MENT (Cf. ment). Meaning “property with which an institution or person is endowed” is from 1590s; that of “gift, power, advantage” is early 17c …   Etymology dictionary

  • endowment — ► NOUN 1) the action of endowing. 2) a quality or ability with which a person is endowed. 3) an income or form of property endowed. 4) (before another noun ) denoting a form of life insurance involving payment of a fixed sum to the insured person …   English terms dictionary

  • endowment — [en dou′mənt, indou′mənt] n. [ME endouement] 1. the act of endowing 2. that with which something is endowed; specif., any bequest or gift that provides an income for an institution or person 3. a gift of nature; inherent talent, ability, quality …   English World dictionary

  • endowment — [[t]ɪnda͟ʊmənt[/t]] endowments 1) N COUNT An endowment is a gift of money that is made to an institution or community in order to provide it with an annual income. The company revived the finances of the Oxford Union with a generous ₤1m endowment …   English dictionary

  • endowment — UK [ɪnˈdaʊmənt] / US noun Word forms endowment : singular endowment plural endowments 1) a) [uncountable] the act of giving money to a school, hospital, or other institution the endowment of a Professorship at Oxford b) [countable] an amount of… …   English dictionary

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