tontine (Meaning)
tontine (n)
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
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
tontine (n.)
An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance.
Synonyms & Antonyms of tontine
No Synonyms and anytonyms found
tontine Sentence Examples
- The enigmatic tontine, a financial scheme involving a group of individuals who invested their money into a pool, intrigued me.
- The tontine's provisions stipulated that the survivor would inherit the entire fund, motivating participants to live as long as possible.
- The tontines of the 18th and 19th centuries were often shrouded in secrecy and intrigue, with stories of shady dealings and even murder.
- The tontine's unusual nature and the psychological dynamics it created among participants captured the imagination of writers and historians alike.
- Charles Dickens' "Edwin Drood" features a tontine as a central plot device, showcasing its sinister implications.
- Tontines have historical significance in the United States, with one such scheme playing a role in the founding of Yale University.
- The tontine principle has been revived in modern times, albeit in modified forms, such as joint life annuities and pension plans.
- The tontine concept raises ethical questions about the value of life and the limits of financial speculation.
- Some tontines were used as a means of life insurance, though their unpredictable nature and potential conflicts of interest often made them controversial.
- The tontine remains a curious and multifaceted financial instrument, offering a glimpse into the complexities of human behavior and the pursuit of wealth.
FAQs About the word tontine
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members, an annuity scheme wherein participa
No synonyms found.
No antonyms found.
The enigmatic tontine, a financial scheme involving a group of individuals who invested their money into a pool, intrigued me.
The tontine's provisions stipulated that the survivor would inherit the entire fund, motivating participants to live as long as possible.
The tontines of the 18th and 19th centuries were often shrouded in secrecy and intrigue, with stories of shady dealings and even murder.
The tontine's unusual nature and the psychological dynamics it created among participants captured the imagination of writers and historians alike.
