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Endowment Saving Schemes

Definition of 'Endowment Saving Schemes'

Life assurance schemes with the additional feature of a huge lump sum payment at the end of a period, should the policyholder survive. One important use is for the repayment of house mortgages.

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Related Terms

Saving Function Collective Investment Schemes Regulations Endowment Policies Friendly Society Paradox of Thrift Added Years Barber vs Gre (1990)Collective Investment Schemes Employee Share Ownership Plans Preservation Approach to Merger Integration Unit Trusts

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