ENDOWMENT POLICY


Meaning of ENDOWMENT POLICY in English

noun

( BrE ) 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

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.