TONTINE

Pronunciation (US):

(GB):

 Dictionary entry overview: What does tontine mean? 

• TONTINE (noun)
  The noun TONTINE has 2 senses:

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

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

  Familiarity information: TONTINE used as a noun is rare.

 Dictionary entry details 

• TONTINE (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

tontine; tontine insurance

Hypernyms ("tontine" is a kind of...):

life assurance; life insurance (insurance paid to named beneficiaries when the insured person dies)

Sense 2

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("tontine" is a kind of...):

annuity; rente (income from capital investment paid in a series of regular payments)