Meaning Of The Word Tontine
What's the definition of Tontine? Find Tontine meanings, definitions and more at the Real Dictionary online.
Tontine Meaning
| Tontine Definition |
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What's The Definition Of Tontine?
tontine in American English
a fund to which a group of persons contribute, the benefits ultimately accruing to the last survivor or to those surviving after a specified time noun: an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors' shares being increased as the subscribers die, until the whole goes to the last survivor tontine in British English noun: an annuity scheme by which several subscribers accumulate and invest a common fund out of which they receive an annuity that increases as subscribers die until the last survivor takes the whole tontine in Insurance noun: A tontine is a system of mutual life insurance where benefits are received by those participants who survive and keep their policies throughout a stated period. |
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