tontine: Meaning and Definition of
Pronunciation: (ton'tēn, ton-tēn'), [key]
- an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors' shares being increased as the subscribers die, until the whole goes to the last survivor.
- the annuity shared.
- the share of each subscriber.
- the number of subscribers.
- any of various forms of life insurance in which the chief beneficiaries are those whose policies are in force at the end of a specified period.
- tontine (Thesaurus)