tontine

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English

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English Wikipedia has an article on:
Wikipedia

Etymology

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From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653. Can be decomposed as Tonti +‎ -ine.

Pronunciation

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Noun

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tontine (plural tontines)

  1. (finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.
    • 1889, Robert Louis Stevenson, Lloyd Osbourne, chapter 1, in The Wrong Box[1]:
      When Joseph Finsbury and his brother Masterman were little lads in white-frilled trousers, their father—a well-to-do merchant in Cheapside—caused them to join a small but rich tontine of seven-and-thirty lives.
    • 1971, Keith Thomas, Religion and the Decline of Magic, Folio Society, published 2012, page 634:
      There were many speculative schemes which gambled on the expectation of an individual's life, as in the tontine system, whereby all the group's contributions went to the last survivor.
    • 2000, JG Ballard, Super-Cannes, Fourth Estate, published 2011, page 237:
      They were pleasantly high, but in an almost self-conscious way, as if they were members of a tontine blessed by the unexpected death of two or three of its members.

Derived terms

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Translations

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See also

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Anagrams

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French

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French Wikipedia has an article on:
Wikipedia fr

Etymology

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From Tonti +‎ -ine From Lorenzo Tonti, Napoleonic banker, who proposed this scheme to Jules Mazarin in 1653.

Pronunciation

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Noun

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tontine f (plural tontines)

  1. tontine

Derived terms

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Descendants

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  • English: tontine

Further reading

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