TONTINE, noun An annuity on survivorship; or a loan raised on life-annuities, with the benefit of survivorship. Thus an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced.
Content
Rights and sources
Review source, license and attribution information for this content.
Content
Webster's Dictionary 1828
American Dictionary of the English Language, Noah Webster, 1828.