Synonyms

1. 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.

Synonyms

  • annuity

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2. tontine

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

Synonyms

  • life insurance
  • life assurance
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