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endowment
An endowment is a gift of money, talent or other asset that has been given to someone or to an institution, or is the act of giving such a gift. (noun)
- An example of an endowment is a scholarship fund that has been set up in memory of a deceased person and that funds the education of students.
- An example of an endowment is when a person makes a gift of money to support a university or other cause.
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See endowment in Webster's New World College Dictionary
See endowment in American Heritage Dictionary 4
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