endowment assurance definition, endowment assurance meaning | English dictionary

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endowment assurance

  
, insurance  
      n   a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date  
English Collins Dictionary - English Definition & Thesaurus  
Collins
endowment  
      n  
1   
a    the source of income with which an institution, etc., is endowed  
b    the income itself  
2    the act or process of endowing  
3    usually pl   natural talents or qualities  


endowment assurance   , insurance  
      n   a form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary should he die before this date  
endowment mortgage  
      n   an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a life assurance policy and only the interest to the mortgagee during the term of the policy. The loan is repaid by the policy either when it matures or on the prior death of the policyholder  

English Collins Dictionary - English Definition & Thesaurus  

Collins

endowment

  
1    award, benefaction, bequest, bestowal, boon, donation, fund, gift, grant, hand-out, income, largesse or largess, legacy, presentation, property, provision, revenue, stipend  
2      (often plural)    ability, aptitude, attribute, capability, capacity, faculty, flair, genius, gift, power, qualification, quality, talent  

English Collins Dictionary - English synonyms & Thesaurus  

Collaborative Dictionary     English Definition
n.
from Old French seurté "a promise, pledge, guarantee; assurance, confidence" (12c., Modern French sûreté)," from securus (see secure (adj.)).
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