an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified
endowment policy
endowment policy
noun
The definition of an endowment policy is an insurance policy where the policyholder receives money after a certain timeframe or his or her beneficiaries receive the money if he or she passes away during the timeframe.
An example of an endowment policy is one in which a charity receives a man's money a year after the man passes away.
YourDictionary definition and usage example. Copyright © 2018 by LoveToKnow Corp
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Endowment policy. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/endowment-policy
endowment policy
Webster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"Endowment policy." YourDictionary. LoveToKnow. www.yourdictionary.com/endowment-policy.
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Endowment policy. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/endowment-policy
Noun
(plural endowment policies)
endowment-linked mortage
Adjective
endowment-policy
- attributive form of endowment policy, noun.
English Wiktionary. Available under CC-BY-SA license.
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MLA Style
"Endowment policy." YourDictionary. LoveToKnow. www.yourdictionary.com/endowment-policy.
APA Style
Endowment policy. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/endowment-policy
