tontine English

Meaning tontine meaning

What does tontine mean?

tontine

— noun a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

— noun 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

Synonyms tontine synonyms

What other words have the same or similar meaning as tontine?

tontine English » English

tontine insurance