What is the meaning of tontine?

noun

  • A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.
  • 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. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). tontine. Retrieved September 20, 2026, from http://smartdefine.org/tontine/definitions/1242695
ChicagoWordNet. 2010. "tontine" http://smartdefine.org/tontine/definitions/1242695 (accessed September 20, 2026).
HarvardWordNet 2010, tontine, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/tontine/definitions/1242695>.
MLAWordNet. "tontine" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/tontine/definitions/1242695>
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