| 单词 | tontine |
| 释义 | Word Frequency tontine(ˈtɒntiːn, tɒnˈtiːn) noun 1. a. an annuity scheme by which several subscribers accumulate and invest a common fund out of which they receive an annuity that increases as subscribers die until the last survivor takes the whole b. the subscribers to such a scheme collectively c. the share of each subscriber d. the common fund accumulated e. (as modifier) a tontine fund 2. a system of mutual life assurance by which benefits are received by those participants who survive and maintain their policies throughout a stipulated period (the tontine period) Word origin C18: from French, named after Lorenzo Tonti, Neapolitan banker who devised the scheme |
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