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tontine

One entry found.

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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