Focus on the pronunciation of endowment
English definition of “endowment”
› [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.