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Definitions for Tontine

[1] 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.
[2] the annuity shared.
[3] the share of each subscriber.
[4] the number of subscribers.
[5] any of various forms of life insurance in which the chief beneficiaries are those whose policies are in force at the end of a specified period (tontine period) .
[6] 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 the subscribers to such a scheme collectively the share of each subscriber the common fund accumulated (as modifier ) a tontine fund
[7] a system of mutual life assurance by which benefits are received by those participants who survive and maintain their policies throughout a stipulated period (the tontine period )

Words related to Tontine

ragbag

Words nearby Tontine

tonsillolith, tonsillotomy, tonsils, tonsorial, tonsure, tontine, tonus, tony, too, too bad, too big for one's britches

Origin of Tontine

1755–65; < French; named after Lorenzo Tonti, Neapolitan banker who started the scheme in France about 1653. See -ine1

Word origin for Tontine

C18: from French, named after Lorenzo Tonti, Neapolitan banker who devised the scheme

Synonyms for Tontine

grab barrel, grab box, mixed bag, ragbag