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InvestHub.com's
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.
 

Definition 2.

Assets, funds or property donated to an institution, individual or group as a source of income.
 

Definition 3.

Gift of money or property to a specified institution for a specified purpose.
 
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