Definition
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noun : TONTINES
Source:WordNet 3.1
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1. (
) a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members ;
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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 ;
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