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Tontine   Listen
Tontine

noun
1.
A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.  Synonym: 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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"Tontine" Quotes from Famous Books



... impassiveness in the midst of all the confusion of the household, like an Egyptian pyramid, indifferent to the hurricane. The fine old man who expected to live upwards of a hundred years and share with the State, as last survivor, the profits of a Lafarge tontine policy in which he held a share, a sum amounting to millions, studied the writings of the Chinese because they were famous for their longevity. He had lost nothing of his serenity nor of his caustic wit, and Honore confessed that he himself had very nearly ...
— Honor de Balzac • Albert Keim and Louis Lumet

... than even Pepys's in old times, or Greville's in our own; but she is said to have left instructions to her executors not to publish till every one mentioned by her was dead: so we must wait till that tontine is over. But the specialty of the aged countess, who died at past ninety but never owned to more than sixty, was a propensity to annex small properties; always it happened that next morning after a visit either her butler or ...
— My Life as an Author • Martin Farquhar Tupper

... understood. The secret is like the devil's tontine,—he catches the last possessor ...
— The Golden Dog - Le Chien d'Or • William Kirby

... where their food and raiment will come from now? It is sad, it is agonizing, it is awful! And yet it all might have been averted—all this solicitude about the future. Had Mrs. Bolivar Bowers taken out a policy in my company, the International Mutual Tontine Life Insurance Company of Paw Paw, Indiana, the aspect to-day would have been different, and Bolivar Bowers and his callow brood of little Bowerses would have reason to bless the rod that smote them. Ah, friend ...
— The House - An Episode in the Lives of Reuben Baker, Astronomer, and of His Wife, Alice • Eugene Field

... Carter, and whose stallion, Royal Oak, both brought from England, were respectively the best trainer and the best stallion of that time. In 1839, however, the duc d'Orleans's Romulus, foaled at the Meudon stud, put an end to these victories of the foreigner. In 1840 the winner was Tontine, belonging to M. Eugene Aumont, but Lord Seymour, whose horse had come in second, asserted that another horse had been substituted for Tontine, and that under this name M. Aumont had really entered the English filly Herodiade, while the race ...
— Lippincott's Magazine of Popular Literature and Science, Vol. 26, October, 1880 • Various



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