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Dictionary Results for tontine


1. tontine - noun

· a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

Synonym(s): tontine_insurance

Hypernym(s): life_insurance, life_assurance




2. tontine - 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

Hypernym(s): annuity, rente





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