endowment Definition
- 1the action of providing money or property to an institution or individual for a specific purpose
- 2a quality or ability possessed or inherited by someone
Using endowment: Examples
Take a moment to familiarize yourself with how "endowment" can be used in various situations through the following examples!
Example
The endowment will fund the new research center.
Example
She was born with an endowment for music.
Example
The university received a large endowment from a wealthy donor.
endowment Synonyms and Antonyms
Antonyms for endowment
Phrases with endowment
the tendency for people to value something they already own more than something they do not own
Example
The endowment effect explains why people are often unwilling to sell items they own for less than they believe they are worth.
Example
Her natural endowment for mathematics made her stand out in her class.
a life insurance policy that pays out a lump sum after a specified term or on the death of the policyholder
Example
He took out an endowment policy to provide for his family in case of his untimely death.
Origins of endowment
from Old French 'endouement', meaning 'gift'
Summary: endowment in Brief
The term 'endowment' [ɪnˈdaʊmənt] refers to the act of providing money or property for a specific purpose, or a quality or ability possessed or inherited by someone. Examples include 'The endowment will fund the new research center.' and 'She was born with an endowment for music.' The phrase 'endowment effect' describes the tendency to value something one already owns more than something one does not. 'Natural endowment' refers to an inherent talent or ability, while an 'endowment policy' is a type of life insurance policy.
