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endowment
noun en·dow·ment \-mənt\
: a large amount of money that has been given to a school, hospital, etc., and that is used to pay for its creation and continuing support
: the act of providing money to create or support a school, organization, etc.
: a person's natural ability or talent
Full Definition of ENDOWMENT
1
: the act or process of endowing
2
: something that is endowed; specifically : the part of an institution's income derived from donations
3
: natural capacity, power, or ability <a person of great intellectual endowment>
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First Known Use of ENDOWMENT
15th century
Other Economics Terms
ENDOWMENT Defined for Kids
endowment
noun en·dow·ment \in-ˈdau̇-mənt\
Definition of ENDOWMENT for Kids
1
: the act of providing money for support
2
: money provided for support <a college's endowment>
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