tontine
English Dictionary
->
Letter T
-> tontine
Search Dictionary:
tontine Definition
(n)
a
form
of
life
insurance
whereby
on
the
death
or
default
of
a
participant
his
share
is
distributed
to
the
remaining
members
(n)
an
annuity
scheme
wherein
participants
share
certain
benefits
and
on
the
death
of
any
participant
his
benefits
are
redistributed
among
the
remaining
participants
;
can
run
for
a
fixed
period
of
time
or
until
the
death
of
all
but
one
participant
tontine Synonyms
tontine
tontine insurance
© Art Branch Inc.