endowment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “endowment” in the English Dictionary

"endowment" in British English

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endowmentnoun

uk   us   /ɪnˈdaʊ.mənt/
[C or U] 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. [C] something that you have from ​birth, often a ​quality: There are ​tests that can ​establish a baby's ​genetic endowment.
(Definition of endowment from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"endowment" in American English

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endowmentnoun [C]

 us   /ɪnˈdɑʊ·mənt/
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.
(Definition of endowment from the Cambridge Academic Content Dictionary © Cambridge University Press)

"endowment" in Business English

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endowmentnoun

uk   us   /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 ​millionairepledged $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 ​regularamount of ​money over a particular ​period of ​time, or until you die, after which the ​insurancecompanypays 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)
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“endowment” in Business English

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