tontine Definition
- 1a system of mutual life assurance by which benefits are received by those participants who survive and maintain their policies until a certain age
- 2a group of investors who pool their money together, with the last surviving member receiving the total sum of the investment
Using tontine: Examples
Take a moment to familiarize yourself with how "tontine" can be used in various situations through the following examples!
Example
The tontine policy was popular in the 18th century.
Example
The tontine investment was a risky but potentially lucrative venture.
Example
The last surviving member of the tontine received a large sum of money.
tontine Synonyms and Antonyms
Synonyms for tontine
- annuity
- investment scheme
- life insurance
Phrases with tontine
a situation where the last surviving member of a tontine is murdered so that the other members can receive the total sum of the investment
Example
The novel 'The Tontine Trap' by John Dickson Carr features a murder mystery centered around a tontine.
Example
The tontine dividend was distributed among the remaining members of the investment.
the idea that the longer a person lives, the greater their share of the benefits in a tontine
Example
The tontine principle incentivizes participants to maintain their policies for as long as possible.
Origins of tontine
from French 'tontine', named after Lorenzo Tonti, an Italian banker who invented the system in the 17th century
Summary: tontine in Brief
A 'tontine' [tɒnˈtiːn] is a system of mutual life assurance or group investment where benefits are received by those who survive and maintain their policies until a certain age. It was invented by an Italian banker in the 17th century and was popular in the 18th century. The last surviving member of the tontine receives the total sum of the investment, and the tontine principle incentivizes participants to maintain their policies for as long as possible.
