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Definition of TONTINES
Pronunciation : TONTINES

noun : TONTINES

Source:WordNet 3.1

  • 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 ;


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