What is Tontine?
1.
An agreement between individuals wherein the last surviving participant inherits all of the assets from each member. Alternatively, the assets may be split evenly among each of the surviving members after a certain period of time.
To decide who would inherit our father's mansion, my brothers and I entered into a tontine. Only two of us remain.
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Random Words:
1.
Coin money that adds up to one dollar. the term is used when one needs change for a vending machine. Can also be used when one uses exce..
