FUNDATIO
\fʌndˈe͡ɪʃɪˌə͡ʊ], \fʌndˈeɪʃɪˌəʊ], \f_ʌ_n_d_ˈeɪ_ʃ_ɪ__ˌəʊ]\
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Lat A founding or foundation. Particularly applied to the creation andendowment of corporations. As applied to eleemosynary corporations such as collegesand hospitals, It is said that "fundatio incipient' is the Incorporation or grant of corporatepowers, while "fundatio perflciens" Is the endowment or grant or gift of funds orrevenues. Dartmouth College v. Woodward, 4 Wheat. 667, 4 L. Ed. 629.
By Henry Campbell Black
Word of the day
SQ10,643
- A serotonin antagonist with limited antihistaminic, anticholinergic, and immunosuppressive activity.