Word:

Tontine insurance

Ton`tine´ in`su´rance
full tontine, plan, allbenefitswereforfeitedonlapsedpolicies, onthepoliciesofthosewhodiedwithinthetontineperiodonlythefaceofthepolicywaspaidwithoutanyshareofthesurplus, andthesurvivorattheendofthetontineperiodreceivedtheentiresurplus. ThisplanoftontineinsurancehasbeenreplacedintheUnitedStatesbythesemitontineplan, inwhichthesurplusisdividedamongtheholdersofpoliciesinforceattheterminationofthetontineperiod, butthereverseforthepaid-upvalueispaidonlapsedpolicies, andonthepoliciesofthosethathavediedthefaceispaid. Othermodifiedformsarecalledfree tontine, deferred dividend, etc., accordingtothenatureofthetontinearrangement.
1.(Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or
Noun1.tontine insurance - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Synonyms: tontine
life assurance, life insurance, tontine
Browse
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
too-careful
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