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Defenition of the word tontine

    • Defenition of the word 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
      • a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

    Synonyms for the word tontine

      • tontine insurance

    Hypernyms for the word tontine

      • annuity
      • life assurance
      • life insurance
      • rente

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