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An endowment shortfall is common issue among people who purchases mortgages in the eighties and nineties. The idea was that people pay a reduced mortgage rate, and contributed a reasonable some of money towards endowments to be invested on the open market. The contract didn't offer protection to the home owners and when the finicial recession of the late eighties and early nineties hit, the money left within the endowment didn't cover the mortgages, creating a shortfall.
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∙ 10y ago
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Should your endowment company regularly inform you of any shortfall on your endowment?
Yes, but it depends on any written or implied agreements between you and said company.
Where can you find more information pertaining to endowment?
It depends on what sort of endowment you mean. There is plenty of information out there on financial endowments, or donations - any nonprofit website can give you more information about that. Other meanings of endowment pertain to an LDS temple ceremony (the temple endowment), or to the philosophical term "endowment."
What does the term 'selling endowment policies' mean?
Selling your endowment policy or endowment surrender essentially involves selling the annuity back to the insurance company for a set value determined by a formula.
What does endow or endowment mean?
To hand or give in an honorable manner.
How does one cash an endowment?
One can cash an endowment in a number of ways. One can cash an endowment by surrendering it to the endowment issuing company or one can sell an endowment to an endowment policy trader.
What is meant by the word shortfall?
The word shortfall means a deficit or something that is needed or required. Shortfall can be used when describing the difference between the money you have and the money you need to buy something. For example if you had å£20 but wanted to buy something for å£30 then you would have a shortfall of å£10.
What does HE mean after a persons name on a deed?
Home endowment, meaning you own it now.
What are Endowment policies?
endowment are for student that are not here legal endowment are for student that are not here legal
What does source of income mean?
It is how one receives money - from a job, from a benefactor, from a will, from an endowment, etc.
How do you use the word shortfall in a sentence?
When Marsha wanted to pay the electric bill, she looked in the money envelope and remembered that she could make up the shortfall by taking money from her piggy bank.
What is the opposite of shortfall?
Surplus
When was The Duke Endowment created?
The Duke Endowment was created in 1924.
