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Tontine   Listen
Tontine

noun
1.
A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.  Synonym: tontine insurance.
2.
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.



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"Tontine" Quotes from Famous Books



... impassiveness in the midst of all the confusion of the household, like an Egyptian pyramid, indifferent to the hurricane. The fine old man who expected to live upwards of a hundred years and share with the State, as last survivor, the profits of a Lafarge tontine policy in which he held a share, a sum amounting to millions, studied the writings of the Chinese because they were famous for their longevity. He had lost nothing of his serenity nor of his caustic wit, and Honore confessed that he himself had very nearly ...
— Honor de Balzac • Albert Keim and Louis Lumet

... value received, money coming in; income, incomings, innings, revenue, return, proceeds; gross receipts, net profit; earnings &c (gain) 775; accepta^, avails. rent, rent roll; rental, rentage^; rack-rent. premium, bonus; sweepstakes, tontine. pension, annuity; jointure &c (property) 780 [Obs.]; alimony, palimony [Coll.], pittance; emolument &c (remuneration) 973. V. receive &c 785; take money; draw from, derive from; acquire &c 775; take &c 789. bring in, yield, afford, pay, return; accrue &c (be ...
— Roget's Thesaurus of English Words and Phrases: Body • Roget

... where the custom of the dot is not, I believe, so prevalent, there are companies or societies founded for the express purpose of providing for unmarried women. They work, I am told, with a kind of tontine—it is, in fact, a lottery. On the birth of a girl the father inscribes her name on the books of the company, and pays a certain small sum every year on her account. At the age of twenty-five, if she is still unmarried, she receives the right ...
— As We Are and As We May Be • Sir Walter Besant

... understood. The secret is like the devil's tontine,—he catches the last possessor ...
— The Golden Dog - Le Chien d'Or • William Kirby

... little changes, which are perhaps inseparable from the events of a period so long as two years in a country as energetic as America, and in which nothing seems to be stationary but the ages of Tontine nominees and three-life leases, a cordial esteem was created among the principal actors in the events of this book, which is likely to outlast the passage, and which will not fail to bring most of them together again ...
— Homeward Bound - or, The Chase • James Fenimore Cooper

... where their food and raiment will come from now? It is sad, it is agonizing, it is awful! And yet it all might have been averted—all this solicitude about the future. Had Mrs. Bolivar Bowers taken out a policy in my company, the International Mutual Tontine Life Insurance Company of Paw Paw, Indiana, the aspect to-day would have been different, and Bolivar Bowers and his callow brood of little Bowerses would have reason to bless the rod that smote them. Ah, friend ...
— The House - An Episode in the Lives of Reuben Baker, Astronomer, and of His Wife, Alice • Eugene Field



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