WordNet 3.0 Copyright © 2006 by Princeton University.
- 1. tontine, tontine insurance, life insurance, life assurance
- usage: a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
- 2. tontine, annuity, rente
- usage: 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
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See also: tontine (Dictionary)