Associations to the word «Tontine»
Noun
Adverb
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Wiktionary
TONTINE, noun. (finance) (insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.
Dictionary definition
TONTINE, noun. A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.
TONTINE, noun. 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.
Wise words
The chief virtue that language can have is clearness, and
nothing detracts from it so much as the use of unfamiliar
words.