| 单词 | endowment |
| 释义 | endowment endowment // noun
1 [C,U] money that is given to a school, a college or another institution to provide it with an income; the act of giving this money: The university has a $10.5 billion endowment fund. a fund for the endowment of the performing arts
2 (Finance ; Insurance ) [C] a type of investment that you can buy from an insurance company in which you make regular payments over a period of time, or until you die, after which the company pays out an amount of money: to buy/sell an endowment Final payouts on 25-year endowment policies have fallen by 9 per cent in the past year. The maturity value of an endowment can not be guaranteed since it depends on the stock market. |
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