Definition of tontine in English:

tontine

noun ˈtɒntiːntɒnˈtiːnˈtɑntin

1An annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income.
Example sentencesExamples
- Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine, and other contracts in which both age and interest on capital are relevant.
- If you own a house with others in a tontine - so that on death your share goes automatically to the others - where do you stand with regard to inheritance tax?
- The later we leave it, the more the pension becomes a tontine in which the survivor takes all.
- Cash self-help groups function like tontines, which have been documented in other areas of West Africa.
1. 1.1 A scheme for life assurance in which the beneficiaries are those who survive and maintain a policy to the end of a given period.

Origin

Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France (circa1653).

Definition of tontine in US English:

tontine

nounˈtäntēnˈtɑntin

1An annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income.
Example sentencesExamples
- If you own a house with others in a tontine - so that on death your share goes automatically to the others - where do you stand with regard to inheritance tax?
- The later we leave it, the more the pension becomes a tontine in which the survivor takes all.
- Cash self-help groups function like tontines, which have been documented in other areas of West Africa.
- Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine, and other contracts in which both age and interest on capital are relevant.
1. 1.1 A scheme for life insurance in which the beneficiaries are those who survive and maintain a policy to the end of a given period.

Origin

Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France ( c 1653).

单词	tontine
释义	Definition of tontine in English: tontine noun ˈtɒntiːntɒnˈtiːnˈtɑntin 1An annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income. Example sentencesExamples Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine, and other contracts in which both age and interest on capital are relevant. If you own a house with others in a tontine - so that on death your share goes automatically to the others - where do you stand with regard to inheritance tax? The later we leave it, the more the pension becomes a tontine in which the survivor takes all. Cash self-help groups function like tontines, which have been documented in other areas of West Africa. 1.1 A scheme for life assurance in which the beneficiaries are those who survive and maintain a policy to the end of a given period. Origin Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France (circa1653). Definition of tontine in US English: tontine nounˈtäntēnˈtɑntin 1An annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income. Example sentencesExamples If you own a house with others in a tontine - so that on death your share goes automatically to the others - where do you stand with regard to inheritance tax? The later we leave it, the more the pension becomes a tontine in which the survivor takes all. Cash self-help groups function like tontines, which have been documented in other areas of West Africa. Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine, and other contracts in which both age and interest on capital are relevant. 1.1 A scheme for life insurance in which the beneficiaries are those who survive and maintain a policy to the end of a given period. Origin Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France ( c 1653).
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