The story
- French · borrowed fromtontine
- English todaytontine
From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653. Thus, from Tonti + -ine.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: A form of investment in which, on the death of an investor, his share is divided amongst the other investors. Full definition →
From French tontine, named after Lorenzo de Tonti, who introduced the scheme into France in around 1653. Thus, from Tonti + -ine.
Etymology from Wiktionary, CC BY-SA 4.0.