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tontine

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tontine

Main Entry:: ton·tine
Pronunciation:: \ˈtän-ˌtēn, tän-ˈ\
Function:: noun
Etymology:: French, from Lorenzo Tonti †1695 Italian banker
Date:: 1765

: a joint financial arrangement whereby the participants usually contribute equally to a prize that is awarded entirely to the participant who survives all the others

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