Word of the Day

Tontine

- 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

- a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

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QUOTE OF THE MONTH

"Those who dare to fail miserably can achieve greatly."


John F. Kennedy (1917-1963)