tontine

From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653. Can be decomposed as Tonti +‎ -ine

• (UK) IPA^(key): /tɒnˈtiːn/

tontine (plural tontines)

1. (finance, insurance) A form of investment in which, on the death of an investor, his share is divided amongst the other investors.
   • 1971, Keith Thomas, Religion and the Decline of Magic, Folio Society 2012, p. 634:

     There were many speculative schemes which gambled on the expectation of an individual's life, as in the tontine system, whereby all the group's contributions went to the last survivor.

   • 2000, JG Ballard, Super-Cannes, Fourth Estate 2011, p. 237:

     They were pleasantly high, but in an almost self-conscious way, as if they were members of a tontine blessed by the unexpected death of two or three of its members.

• tontiner
• tontineer
• tontinier

• nonetti

Tonti +‎ -ine From Lorenzo Tonti, Napoleonic banker, who proposed this scheme to Jules Mazarin in 1653.

tontine f (plural tontines)

1. tontine

• tontiner
• tontinier / tontinière

• English: tontine