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Tontine   Listen
noun
Tontine  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. " Too many of the financiers by professions are apt to see nothing in revenue but banks, and circulations, and annuities on lives, and tontines, and perpetual rents, and all the small wares of the shop."






Collaborative International Dictionary of English 0.48








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"Tontine" Quotes from Famous Books



... delightful old woman of the world. By her birthright she seemed to bridge the present and the past, and under her spell the quaint-gabled Albany of another century rose again. Once more Arcadian youth picnicked in the "bush" and coasted down Pinkster Hill past the squat Dutch church; the Tontine Coffee House sprang from dust, and through its doors walked Hamilton and Burr, Jerome Bonaparte, and a comic-pathetic emigre marquis, who in poverty awaited the greater Bonaparte's downfall, cherishing his order of Saint Louis and powdering ...
— The Henchman • Mark Lee Luther



Words linked to "Tontine" :   tontine insurance, annuity, life insurance, rente



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