Dictionary

endowment

noun en·dow·ment \-mənt\

: a large amount of money that has been given to a school, hospital, etc., and that is used to pay for its creation and continuing support

: the act of providing money to create or support a school, organization, etc.

: a person's natural ability or talent

Full Definition of ENDOWMENT

1
:  the act or process of endowing
2
:  something that is endowed; specifically :  the part of an institution's income derived from donations
3
:  natural capacity, power, or ability <a person of great intellectual endowment>

Examples of ENDOWMENT

  1. The hospital's endowment was established by a local family.
  2. The college has a large endowment.
  3. the endowment of a hospital wing

First Known Use of ENDOWMENT

15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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May 24, 2015
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