Endowment

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Endowment

Gift of money or property to a specified institution for a specified purpose.

Endowment

1. Money or property that one or more donors leaves to an institution, especially a non-profit, with the expectation that it will be invested. That is, the institution invests its endowment and helps finance its activities with the profit from the investments. Examples of institutions that commonly have endowments are charities, scholarship funds, and universities.

2. A provision in some life insurance agreements whereby the insurance company pays the death benefit when the policyholder reaches a certain age. For example, rather than waiting for death to actually occur, the company may pay the death benefit when the policyholder turns 100 years old.

endowment

see FACTOR ENDOWMENT.
References in periodicals archive ?
Phoenix Life Accumulator UL Low Premium to Endow & Carry; Accumulation Sales; Various Sales Scenarios; Maximum Income; Long Term Values
MetLife MetLife VSL II DB Guarantees; Maximum DBs; Low Premium to Endow
Death benefit guarantees; death benefit sales; cash accumulation; low endow premium; hybrid VUL/UL product
Transamerica Occidental Life TransUltra VUL Low Premium to Endow & Carry
It said that the fund will majorly endow in SMEs with scalable development patterns and credible management groups all over 6 core sectors comprising agri-business/food processing, energy services, manufacturing and import substitution, education and healthcare services, technology and media and real estate services.
Hudson will in the initial chance endow $50m in the development of 128MW of ventures in Chile and Uruguay in return for a 49% share on accomplishment.
Taiwan s National Development Council (NDC) is projecting to endow a total of US$83 million in four venture capital firms, hoping to spur growth for innovative start-ups and technology development for the island.
25 million to endow the new center, which will create research and professional programs targeted at educating the next generation of urban leaders.