tontine
English Thesaurus
1. 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 (noun.possession)
2. a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members (noun.possession)
| hypernym | : | life assurance, life insurance, |
| definition | : | insurance paid to named beneficiaries when the insured person dies (noun.possession) |
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