Endowments
/ˈɛn.daʊ.mənts/
Definitions
- (n.) Funds or property donated to an institution, typically for ongoing support.
The university's endowments fund scholarships and research programs.
Related terms
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Commentary
Usually refers to financial assets held in trust or as permanent funds; often relevant in nonprofit and educational law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.