| 1. |
(noun) 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 participant |
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Related Words: annuity, rente |
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| 2. |
(noun) a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members |
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Synonyms: tontine insurance |
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Related Words: life assurance, life insurance |
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