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."