释义 |
Noun: tontine tónteen- A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
- tontine insurance - 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
Derived forms: tontines Type of: annuity, life assurance [Brit, Cdn], life insurance [N. Amer], rente Encyclopedia: Tontine |