Endowment

Religious endowment or endowment

Religious endowment or endowment, the ex-pression 'religious endowment' or 'endowment' has been defined in clause (11) of s. 9 as follows: 'Religious endowment' or 'Endowment' means all property belonging to, or given or endowed for the support of maths or temples or for the performance of any service or charity connected therewith and includes the premises of maths or temple but does not include gifts of property made as personal gifts or offerings to the head of a math or to the archaka or other employee of a temple. It follows that 'all property' belonging to, or given or endowed for the support of a temple or for the performance of any service or charity connected with the temple will constitute its endowment, including the premises of the temple, Commissioner v. Sri Ratnavarma Heggade, AIR 1977 SC 1848: (1977) 1 SCC 525: (1977) 1 SCR 889....

Endowment, wealth ensured in perpetuity to any person or use. The assuring dower to a woman; the setting forth a sufficient portion for a vicar towards his perpetual maintenance when the benefice is appropriated; the creation of a perpetual provision out of lands or money for any institution or person. as to the meaning of the term in s. 62 of the Charitable Trusts Act, 1853, see Re Clergy Orphan Corporation, (1894) 3 Ch 145.A gift of money or property to an institution (such as university) for a specific purpose esp. in which the principal kept intact indefinitely and only interest income from that principal is used, Black's Law Dictionary, p. 548.Endowment is dedication of property for purposes of religion or charity having both the subject and object certain and capable of ascertainment, Pratap Singh Ji N. Desai v. Deputy Charity Commissioner, AIR 1987 SC 2004 (2069): 1987 Supp SCC 714....

endowment

endowment 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 ...

endow

endow [Anglo-French endower, from Old French en-, prefix stressing completion + douer to endow, from Latin dotare, from dot- dos gift, dowry] : to furnish with income ;esp : to make a grant of money providing for the continuing support or maintenance of [a scholarship ed by the testator] ...

endowment insurance

endowment insurance : life insurance in which the benefit is paid to the policyowner if he or she is still living at the end of the policy's term (as 20 years) ...

Fines for endowment

Fines for endowment, anciently paid to the lord when a married woman was endowed; they were grounded on the feudal exactions....

Endow

To furnish with money or its equivalent as a permanent fund for support to make pecuniary provision for to settle an income upon especially to furnish with dower as to endow a wife to endow a public institution...

Endower

To endow...

Endowed Charities Act

Endowed Charities Act [(English) 23 & 24 Vict. c. 136]. See CHARITABLE TRUSTS....

Shebaitship

Shebaitship, property dedicated to an idol vests in it in an ideal sense only; ex necessitas, the possession and management has to be entrusted to some human agent. Such an agent of the idol is known as shebait in Northern India. The legal character of a shebait cannot be defined with precision and exactitude. Broadly described, he is the human ministrant and custodian of the idol, its earthly spokesman, its authorised representative entitled to deal with all its temporal affairs and to manage its property. As regards the administration of the debutter, his position is analogous to that of a trustee; yet, he is not precisely in the position of a trustee in the English sense, because under Hindu Law, property absolutely dedicated to an idol, vests in the idol, and not in the shebait. Although the debutter never vests in the shebait, yet, peculiarly enough, almost in every case, the shebait has a right to a part of the usufruct, the mode of enjoyment; and the amount of the usufruct depen...

Endowment - Law Dictionary Search Results