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Define Dictionary Meaning - True Words & Their Meanings
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  4. Tontine

Tontine

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  • Sarahundefined Offline
    Sarahundefined Offline
    Sarah
    wrote on last edited by admin
    #1

    An annuity, with the benefit of survivorship, or a loan raisedon life annuities with the benefit of survivorship. Thus, an annuityis shared among a number, on the principle that the share of each, athis death, is enjoyed by the survivors, until at last the whole goesto the last survivor, or to the last two or three, according to theterms on which the money is advanced. Used also adjectively; as,tontine insurance.Too many of the financiers by professions are apt to see nothing inrevenue but banks, and circulations, and annuities on lives, andtontines, and perpetual rents, and all the small wares of the shop.Burke.

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    • Sarahundefined Offline
      Sarahundefined Offline
      Sarah
      wrote on last edited by admin
      #2

      An agreement between individuals wherein the last surviving participant inherits all of the assets from each member. Alternatively, the assets may be split evenly among each of the surviving members after a certain period of time.

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      • Mark Zuckerbergundefined Offline
        Mark Zuckerbergundefined Offline
        Mark Zuckerberg
        wrote on last edited by
        #3

        When you are [lightskin] [muscular], and can make up your own words, especially when you are shorter than 5’8” and can [lift] heavy things!

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