Meaning of Tontine in Urdu
Meaning and Translation of Tontine in Urdu Script and Roman Urdu with Definition, Wikipedia Reference, Image, Synonyms,
Urdu Meaning or Translation
| tontine | mushtarqa qarz ka mansoobah | مشترکہ قرض کا منصوبہ | |
| tontine | rahibon kay sar mundanay ki rasam | راہبوں کے سر منڈنے کي رسم | |
| tontine | paadri ban-na ya banaya jana | پادري بننا يا بنايا جانا |
Definition
1. an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant 2. a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members |
Wikipedia
A tontine (English pronunciation: /tɒntin/) is an investment plan for raising capital, devised in the 17th century and relatively widespread in the 18th and 19th centuries. |
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Image/Visual
Synonyms
| grab barrel grab box mixed bag ragbag tontine |
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