Origin of tontine
Examples from the Web for tontine
"Ay, hearty enough for a tontine," said the lean little old man; his sinews were wiry, and his eye bright.Cousin Betty|Honore de Balzac
I have not only not gained the tontine—I have lost the leather business!'The Wrong Box|Robert Louis Stevenson and Lloyd Osbourne
The suspense over, Tontine began to cry; that followed naturally, of course.Bayou Folk|Kate Chopin
The last of the celebrated coffee houses of New York bore the name, Tontine coffee house.All About Coffee|William H. Ukers
A good many years ago we were asked to take shares in a tontine, and complied.
British Dictionary definitions for tontine
- an annuity scheme by which several subscribers accumulate and invest a common fund out of which they receive an annuity that increases as subscribers die until the last survivor takes the whole
- the subscribers to such a scheme collectively
- the share of each subscriber
- the common fund accumulated
- (as modifier)a tontine fund
Word Origin for tontine
Word Origin and History for tontine
1765, from French tontine, named for Lorenzo Tonti, Neapolitan banker who in 1653 first proposed this method of raising money.