endowment

Example:She chose to invest her pension in an endowment policy that would provide her with a secure income in her retirement.

Definition:A type of life insurance where the policyholder pays premiums into an investment that grows over time and can be used to provide income or a lump sum to the policyholder or beneficiaries upon death or retirement.

Example:The college's endowment fund has grown significantly over the years, ensuring its financial stability.

Definition:A fund set aside or received by a trust, organization, or institution for a specific purpose, often related to supporting a particular cause, operation, or mission.

Example:Understanding the physiological endowment of the growing child is crucial for designing appropriate educational methods.

Definition:Innate physical attributes or capabilities that are present at birth.