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A form of investment in which, on the death of an investor, his share is divided amongst the other investors.
Definition source: English Wiktionary via Wiktextract
Topics: business, finance, insurance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
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
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
Broader terms: annuity, rente
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: tontine insurance
Antonyms: none provided
Broader terms: life insurance, life assurance
From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653. Thus, from Tonti + -ine.
Across languages
Translations
4 source translations are retained for this English entry.
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Catalan:
tontina
— Translations
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French:
tontine
— Translations
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Polish:
tontyna
— Translations
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Spanish:
tontina
— Translations