Tontine - Wikipedia A tontine ( ˈtɒntaɪn, - iːn, ˌtɒnˈtiːn ) is an investment linked to a living person which provides an income for as long as that person is alive Such schemes originated as plans for governments to raise capital in the 17th century and became relatively widespread in the 18th and 19th centuries
How Does a Tontine Work? - SmartAsset A tontine is a shared annuity where a group of investors pools money and receives regular dividends from the investment What sets tontines apart is that as participating investors die, their share of the returns is split among the surviving investors
TONTINE Definition Meaning - Merriam-Webster The meaning of TONTINE is a joint financial arrangement whereby the participants usually contribute equally to a prize that is awarded entirely to the participant who survives all the others
Tontine - Meaning, Example, How Does it Work? - WallStreetMojo Tontine refers to a system wherein a group of people contributes to a common fund to receive regular income for the rest of their lives However, if a contributor dies, his her share gets distributed amongst the remaining members instead of the deceased’s family
tontine | Wex | US Law | LII Legal Information Institute A tontine is an investment plan in which participants buy shares in a common fund and receive an annuity based on their shares More specifically, it is an investment scheme in which the so-called shareholders create a common investment pool and derive some form of profit or benefit (usually financial) while they are alive
What is a Tontine? - Definition from Insuranceopedia A tontine is a financial arrangement where a group of participants pool their resources and receive shares or dividends from the investment, but are not allowed to reclaim the capital they contributed
tontine - Meaning in law and legal documents, Examples and FAQs . . . A tontine is a financial arrangement where a group of people pool their money together Each member receives a share of the money, and as members pass away, their shares are redistributed among the remaining members
Tontine Definition - What Does Tontine Mean? - Legal Explanations Tontine is an agreement made between different persons to receive an annuity, in equal proportions, for a specified period, and afterward, to the survivors or last survivor of the contracting parties