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TONTINE 7 letter word which starts with the letter T and ends with the letter E
| (n.) An annuity with the benefit of 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. Used also adjectively; as tontine insurance. |
