Endowment - Indian Laws - General

Endowment Endowment is word of wide import and according to the Chambers Twentieth Century Dictionary , the word endowment means That which is settled on any person or institution . In Black s Law Dictionary , 5th Edn., the meaning of the word endowment has been given as The act of settling fund, or permanent pecuniary provision, for the maintenance of public institution, charity, college, etc. CONTROLLER OF ESTATE-DUTY, VIDARBHA AND MARATHWADA VERSUS SMT. MANGALA - 1981 (1) TMI 9 - BOMBAY HIGH COURT