Solutions are homogeneous (single-phase) mixtures of two or more components. They are ex- tremely important in Chemistry because they allow intimate and varied encounters between
DEFINITION of 'Endowment Loan'. A type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are instead funneled into an endowment fund. Under an endowment loan, the borrower does not repay the principal until the mortgage expires. type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are instead funneled into an endowment fund.
Endowment. A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. A classic example of an endowment is money collected in a fund by a college. The college invests the endowment so that a regular amount of income is earned for the school.