TONTINE
\tˈɒntiːn], \tˈɒntiːn], \t_ˈɒ_n_t_iː_n]\
Definitions of TONTINE
- 2006 - WordNet 3.0
- 2011 - English Dictionary Database
- 2010 - New Age Dictionary Database
- 1913 - Webster's Revised Unabridged Dictionary
- 1899 - The american dictionary of the english language.
- 1894 - The Clarendon dictionary
- 1871 - The Cabinet Dictionary of the English Language
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a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
By Princeton University
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a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
By DataStellar Co., Ltd
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An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance.
By Oddity Software
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An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance.
By Noah Webster.
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A kind of life-annuity increasing as the subscribers die: a loan raised with the benefit of survivorship.
By Daniel Lyons
By William Hand Browne, Samuel Stehman Haldeman