Endowment - Definition - Law Dictionary Home Dictionary Definition endowment

endowment

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1 : the act or process of endowing
2 : a result or product of endowing: as
a : the income of an institution derived from donations [the university's ability to attract ]
b : the property (as a fund) donated to an institution or organization that is invested and producing income [an to maintain the gallery]
3 : an endowed organization or institution
: foundation [chairwoman of the state's arts ]
4 : endowment insurance