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Endowment

ɪnˈdaʊm(ə)nt

Endowment definitions
noun
endowment endowments
  1. the action of endowing something or someone

    "he tried to promote the endowment of a Chair of Psychiatry"

    • an income or form of property given or bequeathed to someone

      "university endowments"

  2. a quality or ability possessed or inherited by someone

    "his natural endowments were his height and intelligence"

  3. a form of life insurance involving payment of a fixed sum to the insured person on a specified date, or to their estate should they die before this date

    "an endowment policy"