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Tontine

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Tontine
Describing any investment jointly held by two or more persons in which, when one investor dies, his/her share is reapportioned among the surviving investors. For example, if there are three persons who own a tontine company equally, and one of them dies, the surviving partners then divide the company 50-50. See also: Last survivor annuity.
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St Helens council revealed today that its town centre car parks would be free on the four Saturdays before Christmas at Chalon Way, Tontine, St Marys, Hardshaw and Birchley Street.
FESTIVE FUN SETS MOOD FOR XMAS by Liverpool Echo (Liverpool, England)
The Highways Agency will resurface both carriageways and replace the central reservation from the motorway's interchange with the M6 to a point just west of Tontine Road.
Highways work to start on M58 by Daily Post (Liverpool, England)
Having worked at Chapters Hotel in Stokesley, the Three Tuns in Osmotherley and the Tontine near Northallerton, Peter Holligon has taken over as manager; while Peter Barnes, best known for his work as senior sous chef at Judges Hotel near Yarm, joins as head chef.
Howards is on a roll; Inbrief by Evening Gazette (Middlesbrough, England)
 
 
 
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