tontine

Noun. (finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.

This is an unmodified, but possibly outdated, definition from Wiktionary and used here under the Creative Commons license. Wiktionary is a great resource. If you like it too, please donate to Wikimedia.

This entry was last updated on RefTopia from its source on 3/20/2012.