tontine annuity

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• tontine — a scheme for raising money by which the lenders receive an annuity for life that increases as the other investors die until the last survivor receives the total of all the annuities. Collins dictionary of law. W. J. Stewart. 2001. tontine …   Law dictionary

• Tontine — Ton*tine , n. [F., from It. tontina; so called from its inventor, Tonti, an Italian, of the 17th century.] An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is… …   The Collaborative International Dictionary of English

• tontine — [tän′tēn΄, tän tēn′] n. [Fr < It tontina, after Lorenzo Tonti, Neapolitan banker who introduced the system into France in the 17th c.] 1. a) a fund to which a group of persons contribute, the benefits ultimately accruing to the last survivor… …   English World dictionary

• Tontine — In cryptography, a tontine is a secret sharing algorithm which allows n people to share secret data, such that any k of them can reconstruct it by combining their keys. : For the Australian pillow manufacturer, see Tontine Group. A tontine is an… …   Wikipedia

• Tontine —    A tontine is a form of annuity by several subscribers, in which the shares of those who die are added to the holdings of the survivors until the last survivor inherits all. This system was devised by and named for a Neapolitan banker, Lorenzo… …   Dictionary of eponyms

• tontine — /ton teen, ton teen /, n. 1. an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors shares being increased as the subscribers die, until the whole goes to the last survivor. 2. the annuity… …   Universalium

• tontine — /ˈtɒntin / (say tonteen), /tɒnˈtin / (say ton teen) noun 1. a scheme in which subscribers to a common fund share an annuity with the benefit of survivorship, the shares of the survivors being increased as the subscribers die, until the whole goes …  

• tontine —    (tonh TEEN) [French, after 17th century Italian banker Lorenzo Tonti] A type of collective life annuity in which individual profits increase as the number of subscribers decreases with each of their deaths; the last survivor takes the whole.… …   Dictionary of foreign words and phrases

• tontine — n. system for division of annuity between members of a group …   English contemporary dictionary

• tontine — [tɒn ti:n, tɒn ] noun an annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income. Origin C18: from Fr., named after Lorenzo Tonti, a Neapolitan banker who… …   English new terms dictionary

• tontine — ton•tine [[t]ˈtɒn tin, tɒnˈtin[/t]] n. bus an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors shares being increased as the subscribers die, until the whole goes to the last survivor •… …   From formal English to slang