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tontine insurance

/ˈtɒntiːn ɪnˈʃʊərəns/

1 entry

phrase

/ˈtɒntiːn ɪnˈʃʊərəns/C1formallegalobsolete
  • ruВид страховой или инвестиционной схемы, при которой группа участников объединяет деньги, а выжившие члены в конечном итоге получают накопленные средства. В значительной степени устарел в современных финансах из-за юридических ограничений и этических соображений.

A type of insurance or investment scheme where a group of participants pool money, and the surviving members eventually receive the accumulated funds. It is largely obsolete in modern finance due to legal restrictions and ethical concerns.

  1. Investment and insurance schemeC2formal

    A type of insurance and investment plan where a group of people pool money, and the surviving members receive the benefits as others die.

    ruСхема инвестиций и страхования

    • The elderly couple invested in a tontine insurance policy decades ago.
    • Tontine insurance was popular in the 19th century but is now rare.
    • The last surviving member of the tontine received the entire fund.