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Definition of endowment policy noun from the Oxford Advanced Learner's Dictionary

endowment policy

noun
 
/ɪnˈdaʊmənt pɒləsi/
 
/ɪnˈdaʊmənt pɑːləsi/
(British English)
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  1. a type of life insurance in which a person regularly pays money to an insurance company, and receives a sum of money from them at the end of a particular period of time
trait
noun
 
 
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