TONTINE


Meaning of TONTINE in English

n.

Pronunciation: ' tän- ˌ t ē n, tän- '

Function: noun

Etymology: French, from Lorenzo Tonti † 1695 Italian banker

Date: 1765

: 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

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.