present participle of endower

Third-person singular simple present indicative form of endow

present participle of endow

plural of pure endowment

(insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, with no payment if the policyholder dies before that date.

(insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, or to the estate or beneficiaries if the policyholder dies before that date.

plural of endowment assurance

plural of endowment mortgage

(finance) A type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan. Contrasted with repayment mortgage.

a life assurance savings scheme designed to pay out a lump sum when the policy matures