TONTINES

Noun

tontines

plural of tontine

Anagrams

• tinstone

Source: Wiktionary


TONTINE

Ton*tine", n. Etym: [F., from It. tontina; -- so called from its inventor, Tonti, an Italian, of the 17th century.]

Definition: An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance. Too many of the financiers by professions are apt to see nothing in revenue but banks, and circulations, and annuities on lives, and tontines, and perpetual rents, and all the small wares of the shop. Burke.

Source: Webster’s Unabridged Dictionary 1913 Edition



RESET




Word of the Day

8 November 2024

REPLACEMENT

(noun) the act of furnishing an equivalent person or thing in the place of another; “replacing the star will not be easy”


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Coffee Trivia

There are four varieties of commercially viable coffee: Arabica, Liberica, Excelsa, and Robusta. Growers predominantly plant the Arabica species. Although less popular, Robusta tastes slightly more bitter and contains more caffeine.

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