| slovo | definícia |
tontine
(encz) | tontine,tontina Zdeněk Brož |
Tontine
(gcide) | 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.
[1913 Webster]
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.
[1913 Webster] |
tontine
(wn) | tontine
n 1: a form of life insurance whereby on the death or default of
a participant his share is distributed to the remaining
members [syn: tontine, tontine insurance]
2: an annuity scheme wherein participants share certain benefits
and on the death of any participant his benefits are
redistributed among the remaining participants; can run for a
fixed period of time or until the death of all but one
participant |
TONTINE
(bouvier) | TONTINE, French law. The name of a partnership composed of creditors or,
recipients of perpetual or life-rents or annuities, formed on the condition
that the rents of those who may die, shall accrue to the survivors, either
in whole or in part.
2. This kind of partnership took its name from Tonti, an Italian, who
first conceived the idea and put it in practice. Merl. Repert. h.t. Dall.
Dict. h.t.; 5 Watts, 851.
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| | podobné slovo | definícia |
tontine insurance
(encz) | tontine insurance, n: |
free tontine
(gcide) | 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.
[Webster 1913 Suppl.] |
full tontine
(gcide) | 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.
[Webster 1913 Suppl.] |
Semitontine
(gcide) | 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.
[Webster 1913 Suppl.]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.
[Webster 1913 Suppl.] |
semitontine
(gcide) | 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.
[Webster 1913 Suppl.]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.
[Webster 1913 Suppl.] |
Tontine
(gcide) | 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.
[1913 Webster]
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.
[1913 Webster] |
Tontine insurance
(gcide) | 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.
[Webster 1913 Suppl.] |
tontine insurance
(wn) | tontine insurance
n 1: a form of life insurance whereby on the death or default of
a participant his share is distributed to the remaining
members [syn: tontine, tontine insurance] |
TONTINE
(bouvier) | TONTINE, French law. The name of a partnership composed of creditors or,
recipients of perpetual or life-rents or annuities, formed on the condition
that the rents of those who may die, shall accrue to the survivors, either
in whole or in part.
2. This kind of partnership took its name from Tonti, an Italian, who
first conceived the idea and put it in practice. Merl. Repert. h.t. Dall.
Dict. h.t.; 5 Watts, 851.
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