NOUN | possession | tontine insurance, tontine | a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members |
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Meaning | A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members. | |
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Synonym | tontine | |
Broader | life insurance, life assurance | insurance paid to named beneficiaries when the insured person dies |
Spanish | tontina | |
Catalan | tontina |
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