Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Dowment
See DOWER.
endowment insurance
A type of life insurance that is payable either to the insured at the end of the policy period or to the insured's beneficiary if the insured dies before the period ends.
endowment policy
A life-insurance policy payable at the end of a specified period, even if the insured survives that period, or upon the insured's death if death occurs before the end of the period.
endowment.
1. A gift of money or property to an institution (such as a university) for a specific purpose, esp. one in which the principal is kept intact indefinitely and only the interest income from that principal is used. 2. Hist. The assigning or giving of a dower to a woman.
fine for endowment
Hist. A fee paid by a widow of a tenant to the tenant's lord. ( If not paid, the widow could not be endowed of her husband's land.