Meaning of “endowment” in the English Dictionary

"endowment" in English

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uk /ɪnˈdaʊ.mənt/ us /ɪnˈdaʊ.mənt/

(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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/ɪnˈdaʊmənt/ uk us

[ 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)