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| | Semitontine | a. (LIfe Insurance) Lit., half-tontine; -- used to designate a form of tontine life insurance. See Tontine insurance. -- Sem`i*ton*tine", n. [Webster 1913 Suppl.] | | Tontine | 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. [ 1913 Webster ] 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. [ 1913 Webster ] | | Tontine insurance | . (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or
full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the
semitontine plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face is paid. Other modified forms are called free tontine, deferred dividend, etc., according to the nature of the tontine arrangement. [ Webster 1913 Suppl. ] |
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| | tontine | (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 | | tontine | (n) 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 |
| | Bishοp's Wοοd and dοwn by the lake. | Tontine. Ton-ti-ne. Agatha Christie's Miss Marple: 4:50 from Paddington (1987) | | The capital itself was entailed tο their children and tο their children after them. | Sie sollten Arthur Wimborne aufsuchen und ihn fragen, was eine Tontine ist. Agatha Christie's Miss Marple: 4:50 from Paddington (1987) | | Nοt a true tοntine, but near enοugh. I see. | Eine Tontine ist eine finanzielle Abmachung, wobei sich für die Teilhaber eines finanziellen Vermögens, jeweils durch Ableben eines der Teilhaber, der Anteil vergrößert. Agatha Christie's Miss Marple: 4:50 from Paddington (1987) | | - The tontine. | - Die Tontine (=KO-Turnier) The Double Deuce (2011) | | A tontine, lads. | Eine Tontine, Jungs! The Double Deuce (2011) | | You know tontines are illegal, right? | Moment mal, ihr wisst schon, dass Tontinengeschäfte illegal sind, oder? The Double Deuce (2011) | | I'd forgotten all about that rubbish tontine. | Ich hatte diese Scheiß "Tontine" total vergessen... The Double Deuce (2011) | | We want him dead before Tontine return of this conference, do not forget. | Wir wollen ihn tot vor Tontine Rückkehr von dieser Konferenz, vergessen Sie nicht. Dumb and Dumber To (2014) | | It consists of a general tontine drawn up before the event of her husband's death 46 years ago, in combination with 635 amendments, notations, corrections, and letters of wishes executed during the subsequent decades. | Bestehend aus einer Tontine, aufgesetzt vor dem Tod ihres Gatten vor 46 Jahren, in Kombination mit 635 Zusätzen, Vermerken, Korrekturen und Absichtserklärungen, die in den darauffolgenden Jahrzehnten ergänzt wurden. The Grand Budapest Hotel (2014) |
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From The Collaborative International Dictionary of English v.0.48 [gcide]:
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.
[1913 Webster]
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.
[1913 Webster]
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