tontine, n.
(tontines)
(tontines)
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
<noun.possession>
tontine
semantic pointers
hypernym
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
<noun.possession>
tontine tontine insurance
semantic pointers
hypernym