Indonesian Meaning of tontine
tontine
Other Indonesian words related to tontine
No Synonyms and anytonyms found
Nearest Words of tontine
Definitions and Meaning of tontine in English
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.
FAQs About the word tontine
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.
tonsured => tonsur, tonsure => tonsur, tonsorial => pangkas rambut, tonsor => tukang cukur, tonsilotomy => Tonsilektomi,
