Dictionary of banking and finance. 2015.
endowment assurance — ➔ assurance * * * endowment assurance UK US noun [C] INSURANCE ► an ENDOWMENT(Cf. ↑endowment): »I do not wish to take out any policies or endowment assurances … Financial and business terms
endowment assurance — or endowment insurance noun A form of insurance providing for the payment of a certain sum at a certain date or at death if earlier • • • Main Entry: ↑endow … Useful english dictionary
Endowment assurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… … The Collaborative International Dictionary of English
endowment assurance — An assurance policy that pays a specified amount of money on an agreed date or on the death of the life assured, whichever is the earlier. As these policies guarantee to make a payment (either to the policyholder or his or her dependants) they… … Big dictionary of business and management
assurance — as‧sur‧ance [əˈʆʊərəns ǁ əˈʆʊr ] noun [uncountable] INSURANCE a type of insurance against something that is certain to happen, especially someone s death, as opposed to something that might happen such as an accident or a fire: • the Prudential… … Financial and business terms
endowment mortgage — noun A form of mortgage in which the capital sum is repaid by the eventual proceeds from endowment assurance • • • Main Entry: ↑endow * * * endowment mortgage UK US noun [countable] [singular endowment mortgage … Useful english dictionary
pure endowment assurance — An assurance policy that promises to pay an agreed amount if the policyholder is alive on a specified future date. If the policyholder dies before the specified date no payment is made and the premium payments cease. The use of the word assurance … Big dictionary of business and management
endowment mortgage — /ɪn daυmənt ˌmɔ:gɪdʒ/ noun a mortgage backed by an endowment policy COMMENT: The borrower pays interest on the mortgage in the usual way, but does not repay the capital. Instead, he or she takes out an endowment assurance (a life insurance)… … Dictionary of banking and finance
Endowment insurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… … The Collaborative International Dictionary of English
endowment — Funds or property that are donated with either a temporary or permanent restriction as to the use of principal. American Banker Glossary Gift of money or property to a specified institution for a specified purpose. Bloomberg Financial Dictionary… … Financial and business terms
