Definition of Tontine. Meaning of Tontine. Synonyms of Tontine

Here you will find one or more explanations in English for the word Tontine. Also in the bottom left of the page several parts of wikipedia pages related to the word Tontine and, of course, Tontine synonyms and on the right images related to the word Tontine.

Definition of Tontine

Tontine
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.

Meaning of Tontine from wikipedia

- A tontine (/ˈtɒntaɪn, -iːn, ˌtɒnˈtiːn/) is an investment linked to a living person which provides an income for as long as that person is alive. Such...
- tontine is an investment plan for raising capital, devised in the 17th century. Tontine may also refer to: Tontine Building, in Vermont, USA Tontine Buildings...
- The Tontine Coffee House was a coffeehouse in Manhattan, New York City, established in early 1793. Situated at 82 Wall Street, on the north-west corner...
- Tontine is an Australian manufacturer of pillows and quilts. The company can trace its origins back to 1870 when the Galt family commenced manufacturing...
- 27 January 1975. On 9 May 1974, 53-year-old Quek Lee Eng, the head of a tontine group and wife of a wealthy local textile merchant Sim Keng Soy (aged 54...
- and coffee houses. In 1793, they coordinated their business inside the Tontine Coffee House on the corner of Wall and Water streets. The do****ent is now...
- push of industry into the area forced its demolition in 1858. The name "Tontine" derives from a financial scheme originated by Neapolitan banker Lorenzo...
- The Tontine Buildings is a former hotel in Stourport-on-Severn, Worcestershire, built in the late 18th century by the Staffordshire and Worcestershire...
- slowing economy, netting $200 million in the process. Pershing Square Tontine Holdings was a blank check company formed by Bill Ackman that went public...
- 19th century, a lawyer explains to a group of young boys that a form of tontine has been organised; £1,000 has been invested for each child (£20,000 in...