Word of the Day : tontine

Discussion in 'General Chat' started by JoeClubman, Nov 26, 2014.

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  1. JoeClubman

    JoeClubman New Member

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    #1 JoeClubman, Nov 26, 2014
    A form of investment in which participants pool their money into a common fund and receive an annuity. Each person's share increases as members die until the last survivor takes the whole.

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  2. Dave.0

    Dave.0 Helix & RMW Powered
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    #2 Dave.0, Nov 27, 2014
    Sounds like a death pool.
     
  3. 00Mini

    00Mini Well-Known Member

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    #3 00Mini, Nov 27, 2014
    Sounds like trouble for the last few.
     
  4. jiminni

    jiminni Well-Known Member

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    #4 jiminni, Nov 28, 2014
    Something I heard on a MASH episode.
     

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