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 ?
CBO Capital announcement depicted that the private equity endowment restricted fund was looking forward to mount $150 million from global and local institutional capitalists to endow in Small and Medium Enterprise, SME, firms in West Africa.
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.