[ টন্টীন্ ]noun ঋণসংক্রান্ত বার্ষিক হিসাববিশেষ, কোনো ক্রেতার মৃত্যুতে এখানে অংশীদারিত্ব বাড়ে এবং সর্বশেষ গ্রহীতা সব অংশ পেয়ে যায়।
tontine definition
A type of investment scheme where the survivors receive a share of the deceased participants’ profits.
tontine শব্দটির synonyms বা প্রতিশব্দ
tontine_insurance, tontine,
tontine Example in a sentence
The venerable tontine, an annuity contract where the last surviving participant inherited the entire fund, was a popular investment scheme in 18th century England.
The tontine system was often used to raise funds for government projects or public works.
Participants in a tontine paid regular premiums into the fund, and as each member passed away, their share of the annuity would be redistributed to the remaining participants.
The allure of the tontine was the potential for a substantial payout to the last survivor, who could end up inheriting a significant fortune.
However, the tontine system also had its critics, who argued that it encouraged unethical behavior and even murder to hasten the death of other participants.
Despite the controversy, tontines remained popular until the early 19th century, when they were gradually replaced by more modern insurance and investment products.
The last known tontine in the United States was dissolved in 1908, leaving just one surviving participant who inherited a hefty sum.
Today, the term “tontine” is sometimes used metaphorically to describe any situation where the participants’ interests are aligned in a way that encourages the survival of the group.
The modern tontine has evolved into a form of deferred annuity, where participants pool their funds and receive a monthly payment for the rest of their lives.
Some financial experts compare the Social Security system to a tontine, as it is a form of government-sponsored annuity that provides income to retirees.