Endowment

A gift to an institution for a given purpose. Typically this would be money or property.

Endowment Mortgage

An interest-only mortgage that is ultimately repaid by the proceeds of an endowment assurance policy. Typically this assurance policy would be payable on maturity or prior death of the policyholder, which is then used to repay the mortgage.

Equity

The amount owned by shareholders in a publically quoted company.

Estate

The total value of a person's assets. For example, Total value of property and Possessions deducting Mortgages, Overdraft etc

Excess

The amount a policyholder must bear before the insurance pays for a claim. Including an excess into an insurance policy will lower the premium.