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Definition of Tontine insurance
1. Noun. A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.
Lexicographical Neighbors of Tontine Insurance
Literary usage of Tontine insurance
Below you will find example usage of this term as found in modern and/or classical literature:
1. A Treatise on Marine, Fire, Life, Accident and All Other Insurances by Joseph Asbury Joyce (1897)
"Definition of tontine Insurance. 12. Definition of guarantee insurance. 13.
Definition of real estate and title insurance. § 1. ..."
2. Semi-centennial History of the New York Life Insurance Company, 1845-1895 by James Monroe Hudnut (1895)
"tontine insurance in its various forms had been before the public for fifteen
years; the companies practicing it were the growing companies; the results of ..."
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