tontine

/'tɔnʃə/
Noun
  1. 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
  2. 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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Từ chứa "tontine"

tontine
A group of investors reviews a tontine agreement at a table.