7 example sentences using tontine.
Tontine used in a sentence
Tontine in a sentence as a noun
Anyone else get acquainted with tontine from the simpsons?
> why do you think Bitcoin is undervaluedI see it as a variation of a tontine.
The author proposes the use of a tontine, an investment trust arrangement dating back to the 1600’s.
Old-style tontines are not actuarially fair - they are significantly more valuable for you if you have a higher life expectancy.
* Profitability is somewhat independent of product structure in that either a tontine or an annuity can be priced to achieve a given level of profitability.
For some reason I had never considered that participating in a large employer's defined-benefit pension fund might be kind of equivalent to signing up for a tontine with a bunch of your peers and all putting your cash in SPY for the duration.
>it's a statistical certainty that X% of the risk pool will die early, whereas with your own savings you can never be sure how long you'll have to make it lastThis is rather similar to a tontine, which have been considered highly unsavoury for a long time and are illegal to boot.
Tontine definitions
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
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