1828 dictionary Noah Webster's 1828 American Dictionary 1828 webster
Noah Webster's 1828 American Dictionary
1828 american dictionary
 
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T  ›  tontine
T  ›  tontine
1828 Definition

TONTINE, n. An annuity on survivorship; or a loan raised on life-annuities, with the benefit of survivorship. Thus an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced.

1913 Definition
Tontine (tontine)
n.(?)
Ton*tine"
[F., from It. tontina; -- so called from its inventor, Tonti, an Italian, of the 17th century.]
  1. An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance.

    Too many of the financiers by professions are apt to see nothing in revenue but banks, and circulations, and annuities on lives, and tontines, and perpetual rents, and all the small wares of the shop. Burke.


1828 dictionary
Noah Says...
In my view, the Christian religion is the most important and one of the first things in which all children, under a free government ought to be instructed.. .No truth is more evident to my mind than that the Christian religion must be the basis of any government intended to secure the rights and privileges of a free people.
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