a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Used in a Sentence
tontine
How to use tontine in a sentence. Example sentences and definitions for tontine.
Editorial note
Anyone else get acquainted with tontine from the simpsons?
Examples7
Definitions2
Parts of speech1
Quick take
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Meaning at a glance
The clearest senses and uses of tontine gathered in one view.
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
Definitions
Core meanings and parts of speech for tontine.
noun
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
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
Example sentences
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.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use tontine in a sentence?
Anyone else get acquainted with tontine from the simpsons?
What does tontine mean?
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
What part of speech is tontine?
tontine is commonly used as noun.