单词 | Tontine |
释义 | 湯鼎式養老金制 1. A financial arrangement to a number of persons, who shared in the income of the estate, so that upon the death of each of those persons the ultimate survivor took the whole income: In re Harrison’s Settlement 35 ATC 144, [1956] TR 185. 2. A class of long term insurance business, under the Insurance Companies Ordinance (Cap 41) sch 1 pt 2 class E. The nature of the business is effecting and carrying out tontines. See also Annuity; Loan. |
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