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

20 January 2025

CHELICERA

(noun) either of the first pair of fang-like appendages near the mouth of an arachnid; often modified for grasping and piercing


coffee icon

Coffee Trivia

Some 16th-century Italian clergymen tried to ban coffee because they believed it to be “satanic.” However, Pope Clement VII loved coffee so much that he lifted the ban and had coffee baptized in 1600.

coffee icon