English dictionary
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English noun: tontine | |||
| 1. | tontine (possession) a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members | ||
| Synonyms | tontine insurance | ||
| Broader (hypernym) | life assurance, life insurance | ||
| 2. | tontine (possession) 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 | ||
| Broader (hypernym) | annuity, rente | ||
Based on WordNet 3.0 copyright © Princeton University.
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Web design: Orcapia v/Per Bang. English edition: .
2024 onlineordbog.dk