| NOUN | possession | tontine, tontine insurance | a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members |
|---|---|---|---|
| possession | tontine | an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants |
| Meaning | A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members. | |
|---|---|---|
| Synonym | tontine insurance | |
| Broader | life insurance, life assurance | insurance paid to named beneficiaries when the insured person dies |
| Spanish | tontina | |
| Catalan | tontina | |
| 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. | |
|---|---|---|
| Broader | annuity, rente | income from capital investment paid in a series of regular payments |
| Spanish | tontina | |
| Catalan | tontina | |
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