endowment

6 definitions • 8 examples

money that is given to a college, hospital, etc. in order to provide it with an income, or the giving of this money:

The school has received an endowment of $50,000 to buy new books for the library.

something that you have from birth, often a quality:

There are tests that can establish a baby's genetic endowment.

a gift of money that will provide an income for a college or university, a hospital, or other organization:

We are trying to set up an endowment to support the library.

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.

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.

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