tontine


Also found in: Thesaurus, Legal, Financial, Wikipedia.
Related to tontine: Tontine Annuity

ton·tine

 (tŏn′tēn′, tŏn-tēn′)
n.
1. An investment plan in which participants buy shares in a common fund and receive an annuity that increases every time a participant dies, with the entire fund going to the final survivor or to those who survive after a specified time.
2. Each member's share of a tontine.
3. The subscribers to a tontine.

[French, after Lorenzo Tonti (1635-1690?), Italian-born French banker.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

tontine

(ˈtɒntiːn; tɒnˈtiːn)
n
1. (Banking & Finance)
a. an annuity scheme by which several subscribers accumulate and invest a common fund out of which they receive an annuity that increases as subscribers die until the last survivor takes the whole
b. the subscribers to such a scheme collectively
c. the share of each subscriber
d. the common fund accumulated
e. (as modifier): a tontine fund.
2. (Insurance) a system of mutual life assurance by which benefits are received by those participants who survive and maintain their policies throughout a stipulated period (the tontine period)
[C18: from French, named after Lorenzo Tonti, Neapolitan banker who devised the scheme]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

ton•tine

(ˈtɒn tin, tɒnˈtin)

n.
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.
[1755–65; < French, after Lorenzo Tonti, Neapolitan banker who started the scheme in France c1653. See -ine3]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

tontine

1. an annuity, or loan, based on a group of annuities that are shared among several people with the provision that as each person dies his share is spread among those remaining, and the entire amount accrues to the survivor of them all.
2. the members of the group collectively.
3. each member’s total share or annuity. — tontine, adj.
See also: Finance
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tontine - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
life assurance, life insurance - insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"
2.tontine - 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
annuity, rente - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
HONG KONG, Aug 26, 2019 - (ACN Newswire) - China Tontine Wines Group Limited ("Tontine Wines" or the "Group", stock code: 0389), one of the leading sweet wine producers in China, announced a year-on-year increase of approximately 2.7 per cent in its unaudited total revenue to RMB164,854,000 for the six months ended 30 June 2019 ("Period").
The art school has space in the Tontine building but the students claim it was not properly maintained and said "there has been a steady decline in conditions".
Wild Iris can be found at 6 Tontine Hill, Ironbridge, TF8 7AL.
One neighbour witnessed the tragedy unfold in Tontine Road and said Aimee had to be carried back to her mother.
Davies, 44, of Tontine Street, Swansea, admitted possessing an offensive weapon.
This year they released their 14th studio album, Tontine. The show will feature a smattering of songs from their debut album, Grapes of Wrath, to celebate its 35th anniversary.
Tontine Lane is coming alive in Glasgow on Wednesday.
Goods Vehicle Operator's Licence Hub Logic Ltd of Tontine House, 8 Gordon Street, 2nd Floor, Glasgow, G1 3PL is applying to change an existing licence as follows: To keep an extra 2 goods vehicles and 3 trailers at the operating centre at 2 Cartside Avenue, Renfrew, PA4 9RX.
At Stirling Sheriff Court, Sheriff Dean Leslie fined David Hunter, Tontine Hotel, Balfron, PS20 for selling a pint of whisky, costing three shillings and sixpence, to a farm servant and also for not having a label on the bottle.
Raleigh, NC, June 30, 2017 --(PR.com)-- The Women's Theatre Festival 2017 announces the inclusion of The Woodstock Tontine, the story of five women, a chance meeting at Woodstock in 1969, and fifty year-old friendships that end with death and a twist.
19 December 2016 - Winston-Salem, North Carolina-based consumer goods company HanesBrands (NYSE: HBI) has agreed to sell its Australian Dunlop Flooring and Tontine pillow businesses, as planned, for USD 35m total, the company said.