semitontine

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noun

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.

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Meanings

nounsemitontine (uncountable)
  1. attributiveuncountablebusinessA 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.

Origin

From semi- + tontine.

Full word history & related roots →
Cite this entry
APA

semitontine. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/semitontine

MLA

“semitontine.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/semitontine. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “semitontine,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/semitontine.

Source: semitontine on Wiktionary, CC BY-SA 4.0.