What is the meaning of Tontine?

(n.) An annuity, with the benefit of survivorship or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance.
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APAWebster's. (2011). tontine. Retrieved September 24, 2026, from http://smartdefine.org/tontine/definitions/2073230
ChicagoWebster's. 2011. "tontine" http://smartdefine.org/tontine/definitions/2073230 (accessed September 24, 2026).
HarvardWebster's 2011, tontine, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/tontine/definitions/2073230>.
MLAWebster's. "tontine" 28 May 2011. Web. 24 September 2026. <http://smartdefine.org/tontine/definitions/2073230>
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