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Finance Dictionary and Glossary of Investment Terms
endowment
Definition 1.
A permanent fund bestowed upon an individual or institution, such as a university, museum, hospital, or foundation, to be used for a specific purpose.
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Definition 2.
Assets, funds or property donated to an institution, individual or group as a source of income.
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Definition 3.
Gift of money or property to a specified institution for a specified purpose.
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