ENDOWMENT INSURANCE
\ɛndˈa͡ʊmənt ɪnʃˈʊ͡əɹəns], \ɛndˈaʊmənt ɪnʃˈʊəɹəns], \ɛ_n_d_ˈaʊ_m_ə_n_t ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\
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life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
By Princeton University
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Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.
By Oddity Software
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.
Nearby Words
- endowed
- endower
- endowing
- endowment
- endowment fund
- endowment insurance
- endowment policy
- endowments
- endoxan
- endozepine
- endozoa