Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “endowment”

See all translations

endowment

noun
 
 
/ɪnˈdaʊmənt/
[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 : He was unhappy about the way he had been sold a mortgage endowment.
(Definition of endowment from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of endowment?
Add Cambridge dictionaries to your browser to your website

Definitions of “endowment” in other dictionaries

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

bio-inspiration noun

April 13, 2015
the adoption of patterns and structures found in nature for the purposes of engineering, manufacturing, science, etc. The MIT researchers actually aren’t the only robotics team to turn to cheetahs for bio-inspiration.

Read More