单词 | endogenous growth |
释义 | endogenous growth endogenous growthSeeSchumpeterian growth. endorsement(indorsement)1. A signature on the back of a bill of exchange or cheque, making it payable to the person who signed it. A bill can be endorsed any number of times, the presumption being that the endorsements were made in the order in which they appear, the last named being the holder to receive payment. If the bill is blank endorsed, i.e. no endorsee is named, it is payable to the bearer. In the case of a restrictive endorsement of the form ‘Pay X only’, it ceases to be a negotiable instrument. A special endorsement, when the endorsee is specified, becomes payable to order, which is short for ‘in obedience to the order of’. endowment assurance An assurance policy that pays a specified amount of money on an agreed date or on the death of the life assured, whichever is the earlier. As these policies guarantee to make a payment (either to the policyholder or his or her dependants) they offer both life cover and a reasonable investment. A with-profits policy will also provide bonuses in addition to the sum assured. These policies are often used in the repayment of an endowment mortgage or as a form of saving. |
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