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Dictionary

Words, grammatical forms and meanings linked to the ontology.

semitontine en · NOUN

Etymology

From semi- + tontine.

Meanings

  1. (attributive, uncountable) 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.