Meaning of TONTINE in Gujarati

Use in sentences of ટોન્ટાઇન

Meaning of TONTINE in English

• 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.

Synonyms of ‘ટોન્ટાઇન’

Antonyms of ‘ટોન્ટાઇન’

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