tontine

[n] - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members 2. [n] - an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants
Found on http://www.webdictionary.co.uk/definition.php?query=tontine

Tontine

Ton·tine' noun [ French, from Italian tontina ; -- so called from its inventor, Tonti , an Italian, of the 17th century.] 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 prin...
Found on http://www.encyclo.co.uk/webster/T/68

tontine

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
Found on https://www.encyclo.co.uk/local/20974

tontine

noun a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Found on https://www.encyclo.co.uk/local/20974

Tontine

• (n.) 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...
Found on http://thinkexist.com/dictionary/meaning/tontine/

Tontine

French law. The name of a partnership composed of creditors or, recipients of perpetual or life-rents or annuities, formed on the condition that the rents of those who may die, shall accrue to the survivors, either in whole or in part.This kind of partnership took its name from Tonti, an Italian, who first conceived the idea and put it in practice....
Found on http://www.lectlaw.com/def2/t094.htm

Tontine

It is an agreement or partnership of its kind amongst few people who agree to the be partners in investment lifelong and the last one to survive would be the one to receive all the gains and ownerships of the property.
Found on http://www.encyclo.co.uk/local/21213

tontine

n. a rare agreement among several persons who agree that each will invest in an annuity and the last to die will receive the remaining assets and profits.
Found on http://dictionary.law.com/Default.xhtml?selected=2135

Tontine

Tontine is a system of life assurance and purchasing property in which the advantage lies with the longest- lived of a stated number of individuals, who may either receive absolutely the gross amount of the capital contributed by all the subscribers who have predeceased him, or only the interest upon the sum. The idea was first put forward by an It...
Found on http://www.probertencyclopaedia.com/browse/JT.HTM

Tontine

A tontine n is an investment plan for raising capital, devised in the 17th century and relatively widespread in the 18th and 19th centuries. It combines features of a group annuity and a lottery. Each subscriber pays an agreed sum into the fund, and thereafter receives an annuity. As members die, their shares devolve to the other participants, and...
Found on http://en.wikipedia.org/wiki/Tontine

tontine

annuity scheme where benefits increase as members die
Found on http://phrontistery.info/t.html

Tontine

An agreement in which investors receive annuity payments, with the special provision that when one participant dies, his or her share goes to the others (increasing the payments to the survivors). Generally, the last to die receives the remaining funds. They are illegal in the United States.
Found on http://www.nolo.com/dictionary/tontine-term.html
No exact match found