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has gloss | eng: Endowment invasion in when an institution uses the financial endowment to pay off debts and cover the yearly operating expenses. In New York the practice requires approval from the state attorney general’s office and the New York State Supreme Court; by 2009, however, most states have adopted UPMIFA , a law which allows "invading principal." It is considered a last resort for any institution to stave off closure. |
lexicalization | eng: Endowment invasion |
instance of | c/Endowments |
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