Tontine Meaning

There are 2 meaning(s) for word Tontine

Meaning 1 : a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

    Synonyms : tontine insurance
Meaning 2 : 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


Similar words of Tontine :