Status #85755

Pensions sorry fiat money - don't you just love (to [...]


Conwy
via The Full Circle Project
Pensions sorry fiat money - don't you just love (to get rid of) it

tontine (n.)

1765, from French tontine, named for Lorenzo Tonti, Neapolitan banker in Paris who in 1653 first proposed this method of raising money in France.

Online Etymology

ton·tine
ˈtäntēn/
noun
noun: tontine; plural noun: tontines

an annuity shared by subscribers to a loan or common fund, the shares increasing as subscribers die until the last survivor enjoys the whole income.

Dictionary

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