Tontine Meaning In Urdu

Tontine Meaning in English to Urdu is مشترکہ قرض کا منصوبہ. It is written in Urdu fonts as مشترکہ قرض کا منصوبہ and in Roman Urdu as Mushtarqa Qarz Ka Mansoobah. Synonyms of Tontine includes Grab Barrel, Grab Box, Mixed Bag, Ragbag etc.

Definitions of Tontine

n. An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively.

Origin of Tontine Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France ( c 1653).

How To Spell Tontine {ton-teen, ton-teen}

Word Type Noun