Definition of "tontine"
  1. An arrangement where investors get periodic payments that increase as other participants die, with the last survivor receiving remaining funds; such practices are prohibited in the United States
How to use "tontine" in a sentence
  1. In the past, a tontine was a popular way of managing risk among investors.
  2. She was the last surviving member of the tontine, thus receiving all the leftover funds.
  3. Despite their illegality, the concept of the tontine is often visualized in literature and film.

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