Tontine

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Legal Definition and Related Resources of Tontine

Meaning of Tontine

In French law. The name of a partnership composed of creditors or recipients of perpetual or life rents or annuities, formed on the condition that the rents of those who may die shall accrue to the survivors, either in whole or in part. This kind of partnership took its name from Tonti, an Italian, who first conceived the idea and put it in practice. Merlin, Repert.; Dalloz; 5 Watts (Pa.) 351.

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This definition of Tontine is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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(2013, 04). Tontine legaldictionary.lawin.org Retrieved 10, 2014, from http://legaldictionary.lawin.org/tontine
"Tontine" legaldictionary.lawin.org. 04 2013. 10 2014 <http://legaldictionary.lawin.org/tontine>
"Tontine" legaldictionary.lawin.org. legaldictionary.lawin.org, 04 2013. Web. 10 2014. <http://legaldictionary.lawin.org/tontine>
"Tontine" legaldictionary.lawin.org. 04, 2013. Accesed 10 2014. http://legaldictionary.lawin.org/tontine
Encyclopedic, 'Tontine' (legaldictionary.lawin.org 2013) <http://legaldictionary.lawin.org/tontine> accesed 2014 October 25

 

This entry was last modified: April 22, 2013

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