define endowments - Search
  1. Dictionary

    en·dow·ment
    [inˈdoum(ə)nt, enˈdoum(ə)nt]
    noun
    endowments (plural noun)
    1. the action of endowing something or someone:
      "he tried to promote the endowment of a Chair of Psychiatry"
      • an income or form of property given or bequeathed to someone.
      • (endowments)
        a quality or ability possessed or inherited by someone.
      • a form of life insurance involving payment of a fixed sum to the insured person on a specified date, or to their estate should they die before this date:
        "an endowment policy"
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