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Meaning of word tontine from English dictionary with examples, synonyms and antonyms.
tontine noun
Meaning : A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.
Synonyms : tontine insurance
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.
