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 English

Tontine

see 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

2. 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

Based on WordNet 3.0, Princeton University


Tontine

see synonyms of tontine
noun
1. 
a. 
an annuity scheme by which several subscribers accumulate and invest a common fund out of which they receive an annuity that increases as subscribers die until the last survivor takes the whole
b. 
the subscribers to such a scheme collectively
c. 
the share of each subscriber
d. 
the common fund accumulated
e. 
(as modifier)
a tontine fund
2. 
a system of mutual life assurance by which benefits are received by those participants who survive and maintain their policies throughout a stipulated period (the tontine period)

Collins English Dictionary. Copyright © HarperCollins Publishers


Tontine

see synonyms of tontine
noun
1. 
a. 
a fund to which a group of persons contribute, the benefits ultimately accruing to the last survivor or to those surviving after a specified time
b. 
the subscribers to such a fund, collectively
c. 
the total fund or the share of each subscriber
2. 
any annuity or insurance system of this kind

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.


Tontine

see synonyms of tontine
n.
1. An investment plan in which participants buy shares in a common fund and receive an annuity that increases every time a participant dies, with the entire fund going to the final survivor or to those who survive after a specified time.
2. Each member's share of a tontine.
3. The subscribers to a tontine.

The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.