"Tontine" is a word in LAW AND LEGAL, ENGLISH
In French law. A species Of association or partnership formed among persons who are in receipt Of perpettfai or life annuities, with the agreelnfent that the shares or annuities of those who die Bhall accrue to the survivors. This plan is Sald to be thus named frohi Touti, an Italian, who Invented it in the seventeenth' century. The principle is used in some forms of life insurance.. Merl. Repert
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.
...at some indiscernible moment he sees all of us clearly — every face distinct, like immiscible droplets of water, all of us individuals constituting an interconnected sea of beings.
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During a funeral for a woman who had henpecked her husband, drove herkids half nuts, scrapped with the neighbors at the slightestopportunity, and even made neurotics of their cat and dog with herexplosive temper. As the casket was lowered into the grave, a violent thunderstorm broke, and the pastor's benediction was drowned out by a blinding flash of lightning, followed by terrific thunder. "Well, at least we know she got there all right," commented her husband
A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual …
Read the complete definitionA yearly sum stipulated to be paid to another iu fee, or for life, or years, aud chargeable ohly ou …
Read the complete definitionLife and annuity tables, compiled at Carlisle, England, about 1780. Used by actuaries, etc
Read the complete definitionFor counsel given. An annuity pro consilio amounts to a condi-tion, but in a feoffment or lease for life, etc., …
Read the complete definitionThls name is sometimes given to property of such a nature that Its duration is not perpetual or indefinite, but …
Read the complete definition