How To Use Tontine In A Sentence
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*A tontine is a financial arrangement whereby a fixed group takes shares in an investment—in this case the coffeehouse—paying out pro rata as each dies or drops out; the last one standing gets the whole shebang.
City of Glory
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Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine, and other contracts in which both age and interest on capital are relevant.
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The later we leave it, the more the pension becomes a tontine in which the survivor takes all.
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They work, I am told, with a kind of tontine -- it is, in fact, a lottery.
As We Are and As We May Be
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The tontine is a scheme for raising money on a long-term basis by weighting rewards in favour of the longest lasting contributors.
Propeller Most Popular Stories
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Cash self-help groups function like tontines, which have been documented in other areas of West Africa.
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If you own a house with others in a tontine - so that on death your share goes automatically to the others - where do you stand with regard to inheritance tax?
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He has taken over a pub a mile away from the Tontine in the recusant village of Osmotherley, high on the scarp of the moors.
