Tontine Definition & Meaning

tontine
noun
  1. a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
  2. 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

Usage tips for "tontine"

Understanding the precise definition of a word helps you use it with confidence. When using "tontine" in your writing, consider whether you need the word itself or one of its synonyms — subtle differences in meaning can change the tone of a sentence. If you're writing poetry or song lyrics, check the rhymes for tontine to find words that pair well.

Look up another word