Ton-tīne', n.

(-tēn'), n. [Fr. tontine, It. tontina, so called from its inventor, Tonti, an Italian, in the 17th century.] An annuity or 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.

Too many of the financiers by profession are apt to see nothing in revenue but banks, and circulations, and annuities on lives, and tontines, and perpetual rents, and all the small wares of the shop. Burke.