Tontine

Rarity: Common

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At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

A tontine () is an investment linked to a living person which provides an income for as long as that person is alive. Such schemes originated as plans for governments to raise capital in the 17th century and became relatively widespread in the 18th and 19th centuries.

Excerpt from the Wikipedia article “Tontine”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: TobyJ, CC BY-SA 3.0, via Wikimedia Commons.