Word
Tontine
How many syllables?
2 Syllables
How it's divided?
ton-tine
Definition
- n. - 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.
- noun - A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
- noun - 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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2 Syllable Words Starting with?
