tontine

2 ENTRIES FOUND:

ton·tine

noun \ˈtän-ˌtēn, tän-ˈ\

Definition of TONTINE

:  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

Origin of TONTINE

French, from Lorenzo Tonti †1695 Italian banker
First Known Use: 1765

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