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.
What is an 'Endowment' An endowment is a donation of money or property to a non-profit organization, which uses the resulting investment income for a specific purpose. Endowment can also refer to the total of a non-profit institution's investable assets, also known as principal or corpus, which is meant to be used for operations or programs that are consistent with the wishes of the donor.