ENDOWMENT POLICY Definition

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ENDOWMENT POLICY is a combination of life assurance and investment whereby the sum assured is paid at a predetermined date or on death, if earlier.

Learn new Accounting Terms

NZICA stands for New Zealand Institute of Chartered Accountants.

LEMONS AND PLUMS, in finance, LEMON is an investment with a poor or negative rate of return; and, PLUM is an investment with a healthy rate of return.

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