| The American Heritage® Dictionary of the English Language: Fourth Edition. 2000. |
| |
| tontine |
| |
| SYLLABICATION: | ton·tine |
| PRONUNCIATION: |  t n t n , tn-tn |
| NOUN: | 1. An investment plan in which participants buy shares in a common fund and receive an annuity that increases every time a participant dies, with the entire fund going to the final survivor or to those who survive after a specified time. 2. Each member's share of a tontine. 3. The subscribers to a tontine. | | ETYMOLOGY: | French, after Lorenzo Tonti (1635–1690?), Italian-born French banker.
| | |
| |
| The American Heritage® Dictionary of the English Language, Fourth Edition. Copyright © 2000 by Houghton Mifflin Company. Published by the Houghton Mifflin Company. All rights reserved. |
|
|
