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Hasil cari dari kata atau frase: Tontine(0.02005 detik)
Found 2 items, similar to Tontine.
English → English (WordNet)
n 1: a form of life insurance whereby on the death or default of
a participant his share is distributed to the remaining
members [syn: tontine insurance]
2: 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
English → English (gcide)
Tontine \Ton*tine"\, n. [F., from It. 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 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
Too many of the financiers by professions are apt to
see nothing in revenue but banks, and circulations, and
annuities on lives, and tontines, and perpetual rents,
and all the small wares of the shop. --Burke.