TYPE OF ANNUITY SCHEME Crossword Clue
TYPE OF ANNUITY SCHEME Crossword Clue
We know 1 solutions for: TYPE OF ANNUITY SCHEME
Crossword Puzzle Infos
A Tontine is a type of annuity scheme in which participants contribute money into a fund and then receive periodic payments from the fund until the last surviving participant dies, at which point the remaining funds are distributed to the deceased's heirs. It was originally developed in France in the 17th century and has been used in various forms since then.