177 were donated in October
This month, we are on track to donate 181

tontine

Definitions

tontine rate
annuity
tontine rate
(Noun) A combination annuity/lottery - the annuity's paid regularly or even all at once, but the amount increases since the principal (which tends to accumulate) accrues to a dwindling number of survivors.
Usage: Tontines were more commonplace in the 17th/18th centuries than nowadays.


Link to this page:

Add or improve a definition

All definitions are approved by humans before publishing. Any promotional content will be deleted.
HTML tags are not allowed and will be encoded.
Use square brackets to link a word. For example, [abc] will render as abc. External links will be removed
home   recent additions   webmaster page   banners   feed a child