Tontine Definition

tŏntēn, tŏn-tēn
noun
A fund to which a group of persons contribute, the benefits ultimately accruing to the last survivor or to those surviving after a specified time.
Webster's New World
The subscribers to such a fund, collectively.
Webster's New World
The total fund or the share of each subscriber.
Webster's New World
Any annuity or insurance system of this kind.
Webster's New World

(finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.

Wiktionary
Synonyms:
  • tontine insurance

Other Word Forms of Tontine

Noun

Singular:
tontine
Plural:
tontines

Origin of Tontine

  • From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653.

    From Wiktionary

  • French after Lorenzo Tonti (1635–1690?), Italian-born French banker

    From American Heritage Dictionary of the English Language, 5th Edition

Find Similar Words

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Words Starting With

TTOTON

Words Ending With

ENEINE

Unscrambles

tontine

Words Starting With T and Ending With E

Starts With T & Ends With EStarts With TO & Ends With EStarts With T & Ends With NE

Word Length

7 Letter Words7 Letter Words Starting With T7 Letter Words Ending With E