English Dictionary

TONTINE INSURANCE

Pronunciation (US): Play  (GB): Play

 Dictionary entry overview: What does tontine insurance mean? 

TONTINE INSURANCE (noun)
  The noun TONTINE INSURANCE has 1 sense:

1. a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining membersplay

  Familiarity information: TONTINE INSURANCE used as a noun is very rare.


 Dictionary entry details 


TONTINE INSURANCE (noun)


Sense 1

Meaning:

A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

tontine; tontine insurance

Hypernyms ("tontine insurance" is a kind of...):

life assurance; life insurance (insurance paid to named beneficiaries when the insured person dies)


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