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Urdu Meanings, Pronounciation and Synonyms:

tontine

(Pronunciation -تلفظ سنیۓ ) US:
Slow
Normal

Noun: tontine
1. tontine [ Synonyms: tontine insurance]
A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
حین حیاتی شرکت۔
2. tontine
An annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant
اس طریقے کی رو سے شراکتی فنڈ یا قرض کے تمسکات کی سالانہ آمدنی میں کئی لوگ شریک ہوتے ہیں ان میں سے ہر ایک کے مرنے کے بعد دوسروں کی آمدن کے حصے میں اضافہ ہو جاتا ہے۔

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