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Tontine
TONTINE

Definitions:

i. An annuity system in which the share of a subscriber who dies is divided among the surviving subscribers until ultimately the whole income is enjoyed by the last survivor.

ii. The share of each subscriber [after Lorenzo Tonti (circa 1630-circa 1695), Italian banker who organized the system].
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See perfect annuity (1).

See perfect type (1).
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See perfect share (1).
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See perfect annuity (2).

See perfect form (1).
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See perfect system (1).

See perfect system (9).

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