tontine

• نظام مالي أو تأميني يشترك فيه عدة أشخاص في رأس مال أو دخل، وتُعاد حصة المتوفى أو المتخلف عن الوفاء على الباقين حتى انتهاء المدة أو بقاء شخص واحد. وهو أيضًا شكل من أشكال القرض العام أو المعاش التقاعدي القائم على مبدأ البقاء.

A financial or insurance arrangement where participants share benefits, and upon the death or default of a member, their share is redistributed among the remaining participants, continuing until a fixed period ends or only one participant remains.

1. Life insurance schemeC2formal

   A financial arrangement where participants pool money, and upon the death of a member, their share is distributed among the surviving participants.

   نظام التونتاين

   • The tontine was popular in the 18th century as a form of investment.
   • Under the tontine, the last surviving member receives the entire fund.
   • Historically, tontines were used to raise capital for public projects.

2. Annuity schemeC2formal

   An investment plan where participants share benefits, and upon a member's death, their benefits are redistributed among the remaining participants, often lasting until only one survivor remains.

   التونتين

   • The tontine annuity was designed to provide income for a fixed period or until all but one participant died.
   • Modern tontine structures are sometimes used in retirement planning.
   • The terms of the tontine specified that the fund would be managed until the death of the last participant.