About The Word Tontine
Learn about the word Tontine to help solve your crossword puzzle. Discover Tontine definitions and meaning, origins, synonyms, related terms and more at the free Crossword Dictionary.
Tontine
| Tontine Definition And Meaning |
|---|
What's The Definition Of Tontine?
[n] 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
[n] a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members Synonyms | Synonyms for Tontine: tontine insurance Related Terms | Find terms related to Tontine: See Also | annuity | life assurance | life insurance | rente Tontine In Webster's Dictionary \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
insurance.
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.
|
More Crossword Puzzle Words
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Cross Word Of The Day
- Mesua ferrea ‐ handsome East Indian evergreen tree often planted as an ornamental…
- Mellifluous ‐ pleasing to the ear; "the dulcet tones of…
- Sacral plexus ‐ a nerve plexus formed by the 4th and 5th lumbar and 1st, 2nd,…
- Mastitis ‐ inflammation of a breast…
- Iota ‐ the 9th letter of the Greek alphabet [n] a tiny or scarcely detectable…
- Logistic assistance ‐ assistance between and within…
- Redolence ‐ a pleasingly sweet…
- Purple-fringed orchis ‐ North American orchid similar to Habenaria psycodes with larger…
- Safety margin ‐ an index indicating the amount beyond the minimum necessary;…
- Observation tower ‐ a structure commanding a wide view of its…