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Simple English definitions for legal terms

endowment

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A quick definition of endowment:

Endowment: Money or property given to an organization for a specific purpose. It's like a big piggy bank that grows over time because the organization invests it. The organization can use some of the money it earns from the piggy bank, but it can't spend all of it. Endowments are often used by big organizations like universities and hospitals, but any charity can use them to help manage their money.

A more thorough explanation:

Endowment refers to money or property that is given to an organization for a specific purpose. It is usually invested in stocks, bonds, or other investment vehicles to grow over time. The invested amount is called the principal or corpus, and the income earned from it is used for the benefit of the organization.

  • A university receives an endowment of $10 million from a donor to fund scholarships for students from low-income families. The university invests the money in stocks and bonds, and the income earned from it is used to provide scholarships to eligible students.
  • A hospital receives an endowment of $5 million from a philanthropist to fund research on a particular disease. The hospital invests the money in mutual funds, and the income earned from it is used to support the research.

These examples illustrate how endowments work. The donated money is invested to generate income, which is then used for the intended purpose. The principal amount is not spent, but is instead preserved and grown over time to ensure the long-term sustainability of the organization's mission.

endorsement (indorsement) | endowment insurance

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19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
21:40
hey so where do i see my LSAC GPA bc i know they calculate it differently
21:40
sorry new to dis
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