semitontine

English

semi- +‎ tontine

semitontine (uncountable)

(insurance, attributive) A form of tontine insurance in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face value is paid.

单词	semitontine
释义	semitontine English Etymology semi- +‎ tontine Noun semitontine (uncountable) (insurance, attributive) A form of tontine insurance in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face value is paid. Anagrams minionettes
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