tontine insurance — See tontine policy. tontine policy.. Life insurance with the distinguishing characteristic of a survivorship provision, the policy being based upon an agreement whereby the survivor of a class of persons who contribute to a common fund and… … Ballentine's law dictionary
tontine insurance — noun a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members • Syn: ↑tontine • Hypernyms: ↑life insurance, ↑life assurance * * * noun : participating life insurance providing for … Useful english dictionary
Tontine — Ton*tine , n. [F., from It. tontina; so called from its inventor, Tonti, an Italian, of the 17th century.] An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is… … The Collaborative International Dictionary of English
tontine — [tän′tēn΄, tän tēn′] n. [Fr < It tontina, after Lorenzo Tonti, Neapolitan banker who introduced the system into France in the 17th c.] 1. a) a fund to which a group of persons contribute, the benefits ultimately accruing to the last survivor… … English World dictionary
free tontine — Tontine insurance Ton*tine in*su rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or {full tontine}, plan, all benefits were forfeited on lapsed policies, on the… … The Collaborative International Dictionary of English
full tontine — Tontine insurance Ton*tine in*su rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or {full tontine}, plan, all benefits were forfeited on lapsed policies, on the… … The Collaborative International Dictionary of English
Tontine — In cryptography, a tontine is a secret sharing algorithm which allows n people to share secret data, such that any k of them can reconstruct it by combining their keys. : For the Australian pillow manufacturer, see Tontine Group. A tontine is an… … Wikipedia
tontine — /tontiyn/ A financial arrangement (such as an insurance policy) in which a group of participants share advantages on such terms that upon the default or death of any participant, his advantages are distributed among the remaining participants… … Black's law dictionary
tontine — /ton teen, ton teen /, n. 1. an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors shares being increased as the subscribers die, until the whole goes to the last survivor. 2. the annuity… … Universalium
Tontine — A system for raising capital in which individuals pay into a common pool of money and then receive a dividend based on their share and the performance of investments made with the pooled money. The principal invested in the tontine is never paid… … Investment dictionary
