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