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Simple English definitions for legal terms

endowment

Read a random definition: subsequent-negligence doctrine

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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