Tontine


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Related to Tontine: Tontine Annuity

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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The Cleveland Tontine is a fabulous place to stay and eat
Oxygen made the creditable sum of 340gns, but his older Classic-winning mares fared less well, Turquoise fetching 73gns, Tontine 32gns and Problem only 18gns.
Tontine life insurance was wildly popular and companies selling tontine policies became the largest financial institutions of their day.
My wife Debbie and I decided to take the plunge with our daughter Grace recently as we headed for the Borders and The Tontine Hotel in Peebles.
The dig will focus on two areas, the site of an old toll house which was used by the canal company to collect money from the canals, and the gardens of the Tontine Hotel.
Clearly what residents wanted (even if they didn't know it) were shiny new shopping centres like the Tontine and Hardshaw precincts, filled with chain shops.
Mr Dyer collapsed in a chair at his flat in St Matthew's Court in Swansea's Tontine Street last February shortly after spending pounds 20 on 15mgs of heroin.
Tontine Management LLC leaped into the ownership picture of Pocahontas Bancorp in a big way this year.
5 million of the outstanding principal owed to Tontine Partners, LP and Tontine Capital Partners, LP (together, "Tontine") on the Company's senior secured convertible notes.