endowment
Endowment (noun) means a sum of money or property given to an institution to provide it with ongoing income. Example: “The college relies on its endowment to fund scholarships.”
How to use endowment
Learner’s notesIn plain EnglishA gift of money that funds something long-term, or a natural gift or ability.
Word forms
- Plural
- endowments
Fill the gap
Can you complete this real example?
The college relies on its _____ to fund scholarships.
Etymology
From Middle English endowement, from endow plus -ment.