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Wordswarms From Years Past


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Adjacent Words

full phase of the moon
full point
full professor
full radiator
full scale
full scope
Full score
Full sea
full service bank
full skirt
full stop
Full swing
full term
full tilt
full time
full treatment
full up
Full-acorned
full-back
full-blood
full-blooded
full-bloodedness
Full-bloomed
Full-blown
full-board
full-bodied
full-bore
full-bosomed

full tontine definitions

Webster's 1913 Dictionary

Tontine insurance Ton*tine" in*su"rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the semitontine plan, 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 is paid. Other modified forms are called free tontine, deferred dividend, etc., according to the nature of the tontine arrangement.



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