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tontine::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | tontine insurance |
| Type of | life assurance, life insurance |
tontine::noun | Spocien Dictionary
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
| Type | Words |
|---|---|
| Type of | annuity, rente |
Examples of tontine
tontine
The tontine also was the basis of the plot of many a murder mystery novel.
From the foxbusiness.com
Tontine recommends you change your synthetic pillow every two years.
From the dailymercury.com.au
Tontine is an institutional investor based in Greenwich, Connecticut.
From the foxbusiness.com
At the heart of the novel is a fortune derived from a tontine, a kind of raffle, pegged to longevity.
From the washingtonpost.com
Its construction was privately funded by a tontine scheme, for which tolls were charged until 1859.
From the en.wikipedia.org
Some tribal council members are nevertheless attracted to a tontine scheme, whereby the last survivors get all the assets.
From the economist.com
Based on cruel actuarial calculation, a tontine is an investment that pays an increasing annuity as other participants die off.
From the independent.co.uk
Tontine has today issued a press release with respect to its purchase of the shares, as required by Canadian securities laws.
From the foxbusiness.com
It was in the form of a tontine.
From the en.wikipedia.org
In the final days of the war, the unit had discovered several paintings and agreed on a tontine, placing the paintings in a crate, and the surviving member would inherit the paintings.
From the en.wikipedia.org
In the final days of the war, the unit had discovered several paintings and agreed on a tontine, placing the paintings in a crate, and the final surviving member would inherit the paintings.
From the en.wikipedia.org
- A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
- A tontine is a scheme for raising capital which combines features of a group annuity and a lottery.
- A form of investment in which, on the death of an investor, his share is divided amongst the other investors
- A money transfer scheme, now illegal in the United States, where all money transferred to a pool is given to the last survivor(s) of the pool.
- An organization of individuals who enter into an agreement to pool sums of money or something of value other than money, permitting the last survivor of the group to take everything.
