Meaning : A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.
Synonyms : tontine insurance
Meaning : An annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants. Can run for a fixed period of time or until the death of all but one participant.
Tontine ka meaning, vilom shabd, paryayvachi aur samanarthi shabd in Marathi. Tontine ka matlab kya hota hai?