Educational Expenses Financial Glossary

What is it? See Budget and Cost of Attendance.

Finance Term Definition Added By: Allison

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Financial Term Endowment policy is A type of long-term investment plan (usually investing in the stock market), which also includes life insurance cover so that if you die during the plan, your successors get a guaranteed payout. Often used to repay mortgages at the end of their term. The final payout is usually not guaranteed

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