☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Tontine

A financial arrangement in which a group of participants contribute to a common fund, with surviving members receiving increasingly larger shares as other participants die, until the last survivor inherits the entire fund.

Etymology: Named after Lorenzo de Tonti, Neapolitan banker (c. 1653) · Category: Banking & Finance · Source: Black's Law Dictionary
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