tontine
Definition from Wiktionary, the free dictionary
Contents |
English [edit]
Etymology [edit]
From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653.
Pronunciation [edit]
Noun [edit]
tontine (plural tontines)
- (finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.
- 2000, JG Ballard, Super-Cannes, Fourth Estate 2011, p. 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.
- 2000, JG Ballard, Super-Cannes, Fourth Estate 2011, p. 237:
