Tontine

Quick meaning: Tontine is a noun meaning (finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.

Meaning

(finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.

Example Sentences

They were pleasantly high, but in an almost self-conscious way, as if they were members of a tontine blessed by the unexpected death of two or three of its members.

There were many speculative schemes which gambled on the expectation of an individual's life, as in the tontine system, whereby all the group's contributions went to the last survivor.

When Joseph Finsbury and his brother Masterman were little lads in white-frilled trousers, their father—a well-to-do merchant in Cheapside—caused them to join a small but rich tontine of seven-and-thirty lives.

Word Forms

• tontines

Related Words

Related dictionary entries include tacking, paythrough, unitrust, share, inheritance, reversion.

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