tontine
n . 唐提联合养老保险制
唐提联合养老保险制
tontine n 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 }, {
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 Tontine \
Ton *
tine "\,
n . [
F .,
from It .
tontina ; --
so called from its inventor ,
Tonti ,
an Italian ,
of the 17th century .]
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 .
[
1913 Webster ]
Too many of the financiers by professions are apt to see nothing in revenue but banks ,
and circulations ,
and annuities on lives ,
and tontines ,
and perpetual rents ,
and all the small wares of the shop . --
Burke .
[
1913 Webster ]
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