endowment policy

/ɪn'daυmənt ˌpɒlɪsi/ noun

Dictionary of banking and finance. 2015.

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  • endowment policy — UK US noun [countable] [singular endowment policy plural endowment policies] a type of insurance policy that you pay money to for an agreed period. At the end of this time, the money that you have invested is used for paying a large amount of… …   Useful english dictionary

  • endowment policy — ☆ endowment policy n. an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified * * * …   Universalium

  • endowment policy — ☆ endowment policy n. an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified …   English World dictionary

  • Endowment policy — An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its maturity ) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out… …   Wikipedia

  • endowment policy — A policy which combines investment with insurance and runs for a specific period. It builds up a cash value, generally on either a with profit or with unit linked basis and is paid out at the end of the policy term or when you die (whichever is… …   Financial and business terms

  • endowment policy — UK / US noun [countable] Word forms endowment policy : singular endowment policy plural endowment policies a type of insurance policy that you pay money to for an agreed period. At the end of this time, the money that you have invested is used… …   English dictionary

  • endowment policy — noun a life assurance savings scheme designed to pay out a lump sum when the policy matures See Also: endowment linked mortage …   Wiktionary

  • endowment policy — Fin an insurance policy of a type popular in the United Kingdom that pays a set amount to the policyholder when the policy matures, or to a beneficiary if the policyholder dies before it matures …   The ultimate business dictionary

  • endowment policy — en dowment .policy n BrE technical an insurance arrangement that pays you a sum of money after an agreed period of time …   Dictionary of contemporary English

  • endowment policy — noun (C) technical an insurance arrangement that pays you an agreed sum of money after a period of time …   Longman dictionary of contemporary English

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