Word:

Tontine

Ton`tine´
n.1.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.
Noun1.tontine - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
2.tontine - 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

TONTINE, French law. The name of a partnership composed of creditors or, recipients of perpetual or life-rents or annuities, formed on the condition that the rents of those who may die, shall accrue to the survivors, either in whole or in part.
     2. This kind of partnership took its name from Tonti, an Italian, who first conceived the idea and put it in practice. Merl. Repert. h.t. Dall. Dict. h.t.; 5 Watts, 851.

life assurance, life insurance, tontine insurance
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Tonsilar
Tonsile
Tonsilitic
Tonsilitis
tonsilla
tonsilla adenoidea
tonsilla pharyngealis
Tonsillectomy
Tonsillitis
Tonsilotome
Tonsilotomy
Tonsor
Tonsorial
Tonsure
Tonsured
Tonte exception non surveillee tend a prendre la place du principe
-- Tontine --
Tontine insurance
Tonus
Tony
Tony Blair
Tony Hoare
Too
too bad
too big for one's breeches
too large
Too late
too little
Too many
Too many irons in the fire
too much
too soon
Too too
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