The definition of 'tontines' & the word 'tontines' in example sentences or phrases

Noun
1
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
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

Synonyms of the word 'tontines' & Antonyms of the word 'tontines'.

Noun
Synonymstontine insurance*,