Crossword clues for tontine
tontine
- Survivor-take-all plan
- Certain annuity plan
- Shared annuity
- Life insurance form
- Annuity scheme
- Life insurance plan
- 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
The Collaborative International Dictionary
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.
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.
Douglas Harper's Etymology Dictionary
1765, from French tontine, named for Lorenzo Tonti, Neapolitan banker in Paris who in 1653 first proposed this method of raising money in France.
Wiktionary
n. (context finance insurance English) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.
WordNet
n. a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members [syn: tontine insurance]
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
Wikipedia
A tontine (English pronunciation: ) is an investment plan for raising capital, devised in the 17th century and relatively widespread in the 18th and 19th centuries. It combines features of a group annuity and a lottery. Each subscriber pays an agreed sum into the fund, and thereafter receives an annuity. As members die, their shares devolve to the other participants, and so the value of each annuity increases. On the death of the last member, the scheme is wound up. In a variant, which has provided the plot device for most fictional versions, upon the death of the penultimate member the capital passes to the last survivor.
Tontine (foaled 1822) was a British Thoroughbred racehorse and broodmare who won the classic 1000 Guineas at Newmarket in 1825. When the other horses entered in the race were withdrawn, Tontine became the only horse to win a classic by walkover. In a racing career which lasted from April 1825 until April 1826 she ran eight times and won three races. Unlike many of her near relatives, Tontine made no impact as a broodmare.
Usage examples of "tontine".
Murray Undeceived and Avenged Tontine had what is called tact and common sense, and thinking these qualities were required in our economy she behaved with great delicacy, not going to bed before receiving my letters, and never coming into my room except in a proper dress, and all this pleased me.
In the dead of winter he and Henri de Tonty, son of Lorenzo Tonty, who invented the tontine, his lieutenant, started down the Illinois, with a following of eighteen Indians brought from New England, and twenty-three Frenchmen.
This lodger in Rue de la Truanderie now sets about raising funds for his enterprise and, having succeeded chiefly among his brothers and relations, he gathers materials for two vessels, hires shipwrights, and starts from Rochelle for his empire, his commission doubtless bound to his body, taking with him as his lieutenant Henri de Tonty--son of the inventor of the Tontine form of life insurance who had come to France from Naples--a most valuable and faithful associate and possessed of an intrepid soul to match his own.
Symbolism aside, four shillings does not seem a worthy prize for managing to avoid marriage for however long the tontine remains unclaimed.
I knew by her looks that she had a heart and a brain, and that neither of them was in the Odeon or the Tontine dance-houses.
Epicurean Club with the proceeds of a tontine which he had taken great pains, in the traditional manner, to ensure that he had collected in full.
His great-grandfather had founded the Epicurean Club with the proceeds of a tontine which he had taken great pains, in the traditional manner, to ensure that he had collected in full.
It was one day at the Tontine coffee-room under the arcades of the town hall, that James Playfair, after having impatiently scanned the American journal, disclosed to his uncle an adventurous scheme.
By judicious accounts of Fergusson, the other surviving member of the Tontine, he managed to keep his client in tolerable order.
The start and the triumph of finding himself the last survivor of the Tontine association were too much for his weak heart.
Yenaro had the misfortune to be the last of five successive ghem-generals who lost the Barrayaran War, and thus the sole inheritor of a, as it were, tontine of blame.
When I viewed it from a fair psychological distance, the whole business took on the look of one of those nineteenth-century English tontines, in which the last member left alive collects the big prize.
As all good Queenians know, misleading dying messages and death-plagued tontines soon became staple items in the Queen canon both on radio and in print.
It was one day at the Tontine coffee-room under the arcades of the town hall, that James Playfair, after having impatiently scanned the American journal, disclosed to his uncle an adventurous scheme.