endowment

//ɪnˈdaʊmənt//
C1Frequency Level 10Formal
Visual representation of endowment

Noun

endowmentSingular
endowmentsPlural
1

A donation of money or property to an institution, typically a university or charity, to provide ongoing support or income.

The university received a generous endowment from a wealthy alumnus.

2

A natural talent, quality, or ability that a person is born with.

She has a natural endowment for music that was evident from childhood.

3

A form of life insurance that pays a lump sum after a specified term or upon the death of the insured.

My endowment policy will mature when I turn 60.

endowment - Deep Vocabulary