tontine

['tɔnti:n]

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名词 tontine:

1.

a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members

同义词:tontine insurance

2.

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

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