Definition of Tontin. Meaning of Tontin. Synonyms of Tontin

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Definition of Tontin

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free tontine
Tontine insurance Ton*tine" in*su"rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the semitontine plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face is paid. Other modified forms are called free tontine, deferred dividend, etc., according to the nature of the tontine arrangement.
full tontine
Tontine insurance Ton*tine" in*su"rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the semitontine plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face is paid. Other modified forms are called free tontine, deferred dividend, etc., according to the nature of the tontine arrangement.
semitontine
Tontine insurance Ton*tine" in*su"rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the semitontine plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face is paid. Other modified forms are called free tontine, deferred dividend, etc., according to the nature of the tontine arrangement.
Semitontine
Semitontine Sem`i*ton*tine", a. (LIfe Insurance) Lit., half-tontine; -- used to designate a form of tontine life insurance. See Tontine insurance. -- Sem`i*ton*tine", n.
Semitontine
Semitontine Sem`i*ton*tine", a. (LIfe Insurance) Lit., half-tontine; -- used to designate a form of tontine life insurance. See Tontine insurance. -- Sem`i*ton*tine", n.
Tontine
Tontine Ton*tine", n. [F., from It. tontina; -- so called from its inventor, Tonti, an Italian, of the 17th century.] 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. Too many of the financiers by professions are apt to see nothing in revenue but banks, and circulations, and annuities on lives, and tontines, and perpetual rents, and all the small wares of the shop. --Burke.
Tontine insurance
Tontine insurance Ton*tine" in*su"rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the semitontine plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face is paid. Other modified forms are called free tontine, deferred dividend, etc., according to the nature of the tontine arrangement.

Meaning of Tontin from wikipedia

- Весельчак Чихун Простачок Spanish Sabio Gruñón Dormilón Tímido Feliz Estornudo Tontín Swedish Kloker Butter Trötter Blyger Glader Prosit Toker Turkish Doktor...
- book}}: CS1 maint: location missing publisher (link) "Keisari lahjoitti tontin Suomen kielen talolle" (in Finnish). Helsingin Sanomat. Archived from the...
- Sánchez as Melquíades Miguel Córcega as Felipe Alejandro Ibarra as Rubén "Tontín" Diana Golden as Vicenta Abraham Ramos as Iván Malillany Marín as Argelia...
- presenting programs such as 'El Observador Creole', Cuento Musical Venezolano, Tontín y Tontona, the police adventures of Roy Martin, and the adventures of Kid...
- kotiseutusarja 1. Finnish Museum Board, 1990. Espoo varasi Westendistä tontin kylpylähotellille, Helsingin Sanomat 13 June 2007, p. A12.[dead link] Westendin...
- 2005 Sueños y caramelos Oswaldo Supporting Role 2005-06 Peregrina Rubén "Tontín" Supporting Role 2007 Amor sin maquillaje Valentín Protagonist 2008 Las...
- Tampere. Retrieved 14 August 2021. "Pyynikin sosiaali- ja terveysaseman tontin asemakaavoitustyöhön liittyvä liikenneselvitys" (PDF). A-Insinöörit (in...
- Buchanan, Secretary of State, on the occasion of the public dinner held at the Tontin Hotel In 1853, appointed United States marshal by Franklin Pierce, President...