semitontine

Questions

What does semitontine mean?

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.

Where does semitontine come from?

From semi- + tontine.

How to pronounce semitontine

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2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
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