Tontine Insurance
Defined in 3 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A system of life insurance whereby the surplus funds of the insurer are accumulated during a period called the "tontine period," and then distributed to such of the policy holders as then survive. See 88 Hun (N. Y.) 309.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Life insurance issued by a company which divides its surplus earnings among surviving policy-holders.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
See Insubance.