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tontine

tontine is a 7-letter English word with 3 senses as noun in the JumbleFix dictionary. One common meaning is: An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance. Face value is 7 in Scrabble and 9 in Words With Friends. Use the entries below when you need a playable sense, a nearby word, or another arrangement of the same letters.

7 letters · Scrabble 7 · Words With Friends 9 · 3 senses

Definitions

  1. noun. An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance.
  2. 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
  3. 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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