Endowment is a life assurance policy with a savings and investment element, classically sold to back an interest-only mortgage. The key word here is "sold". No-one in their right minds would "buy" one of these overcharging and underperforming abominations these days!
Barry Goldsmith
| APA | Barry Goldsmith. (2010). endowment. Retrieved September 22, 2026, from http://smartdefine.org/endowment/definitions/1152953 |
| Chicago | Barry Goldsmith. 2010. "endowment" http://smartdefine.org/endowment/definitions/1152953 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, endowment, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/endowment/definitions/1152953>. |
| MLA | Barry Goldsmith. "endowment" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/endowment/definitions/1152953> |