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Meaning of endowment policy | Babel Free

Noun CEFR B2

Definitions

a life assurance savings scheme designed to pay out a lump sum when the policy matures

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

endowment-linked mortgage Endowments Endows endoxa Endoxan endoxifen