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tontine
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The answer TONTINE has 23 possible clue(s) in existing crosswords.
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The word TONTINE is VALID in some board games. Check TONTINE in word games in Scrabble, Words With Friends, see scores, anagrams etc.
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Definitions of tontine in various dictionaries:
noun - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
noun - an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants
An investment plan in which participants buy shares in a common fund and receive an annuity that increases every time a participant dies, with the entire fund going to the final survivor or to those who survive after a specified time.
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| Annuity plan in which the last survivor inherits all, named for Lorenzo Tonti, a Neopolitan banker |
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A tontine (English pronunciation: ) is an investment plan for raising capital, devised in the 17th century and relatively widespread in the 18th and 19th centuries. It combines features of a group annuity and a lottery. Each subscriber pays an agreed sum into the fund, and thereafter receives an annuity. As members die, their shares devolve to the other participants, and so the value of each annuity increases. On the death of the last member, the scheme is wound up. * Tontines are regulated in Europe under the Directive 2002/83/EC of the European Parliament and are still common in France.Questionable practices by US life insurers in 1906 led to the Armstrong Investigation in the United States restricting some forms of tontines. Nevertheless, in March 2017, The New York Times reported that tontines were getting fresh consideration as a way for people to get steady retirement income. |