Definition of Tontine in English :
Define Tontine in English
Tontine meaning in English
Meaning of Tontine in English
Pronunciation of Tontine in English
Tontine pronunciation in English
Pronounce Tontine in Englishsee synonyms of tontine
1. tontine, tontine insurance
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
Based on WordNet 3.0, Princeton University
Collins English Dictionary. Copyright © HarperCollins Publishers
Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.
The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.