| 释义 |
tontineenUK
ton·tine T0265400 (tŏn′tēn′, tŏn-tēn′)n.1. An investment plan in which participants buy shares in a common fund and receive an annuity that increases every time a participant dies, with the entire fund going to the final survivor or to those who survive after a specified time.2. Each member's share of a tontine.3. The subscribers to a tontine.
[French, after Lorenzo Tonti (1635-1690?), Italian-born French banker.]tontine (ˈtɒntiːn; tɒnˈtiːn) n1. (Banking & Finance) 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 wholeb. the subscribers to such a scheme collectivelyc. the share of each subscriberd. the common fund accumulatede. (as modifier): a tontine fund. 2. (Insurance) 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)[C18: from French, named after Lorenzo Tonti, Neapolitan banker who devised the scheme]ton•tine (ˈtɒn tin, tɒnˈtin)
n. an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors' shares being increased as the subscribers die, until the whole goes to the last survivor. [1755–65; < French, after Lorenzo Tonti, Neapolitan banker who started the scheme in France c1653. See -ine3] tontine1. an annuity, or loan, based on a group of annuities that are shared among several people with the provision that as each person dies his share is spread among those remaining, and the entire amount accrues to the survivor of them all.
2. the members of the group collectively.
3. each member’s total share or annuity. — tontine, adj.See also: FinanceThesaurus| Noun | 1. | tontine - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining memberstontine insurancelife assurance, life insurance - insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance" | | 2. | tontine - 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 participantannuity, rente - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity" |
tontineenUK
Related to tontine: Tontine AnnuityTontineAn organization of individuals who enter into an agreement to pool sums of money or something of value other than money, permitting the last survivor of the group to take everything. The holders of tontine life insurance contracts enter into an agreement to pay premiums for a certain amount of time before they gain the right to acquire dividends. In the event that a policyholder dies during the tontine policy, his or her beneficiary will be entitled to benefits, but no dividends. The earnings that ordinarily would be used to pay dividends are accumulated during the tontine period and subsequently given only to policyholders who are still alive at the end of the term. This type of policy is known as a dividend-deferred policy. A number of states proscribe such policies. tontinen. a rare agreement among several persons, who agree that each will invest in an annuity and the last to die will receive the remaining assets and profits. tontine a scheme for raising money by which the lenders receive an annuity for life that increases as the other investors die until the last survivor receives the total of all the annuities.TONTINE, French law. The name of a partnership composed of creditors or, recipients of perpetual or life-rents or annuities, formed on the condition that the rents of those who may die, shall accrue to the survivors, either in whole or in part.
2. This kind of partnership took its name from Tonti, an Italian, who first conceived the idea and put it in practice. Merl. Repert. h.t. Dall. Dict. h.t.; 5 Watts, 851. TontineenUK
TontineDescribing any investment jointly held by two or more persons in which, when one investor dies, his/her share is reapportioned among the surviving investors. For example, if there are three persons who own a tontine company equally, and one of them dies, the surviving partners then divide the company 50-50. See also: Last survivor annuity.tontineenUK
Related to tontine: Tontine AnnuitySynonyms for tontinenoun a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining membersSynonymsRelated Words- life assurance
- life insurance
noun an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participantsRelated Words |