Looking for the meaning of the word TONTINE in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of TONTINE with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Tontine
Speech Type: Noun
Etymology:
mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France (c1653)
Audio Pronunciation:
Phonetic Spelling:
ˈtɒntiːn
Dialects: British English
Audio Pronunciation:
Phonetic Spelling:
tɒnˈtiːn
Dialects: British English
Definition:
an annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income.
Short Definition:annuity shared by subscribers to loan or common fund
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