annuity vs tontine
tontine vs annuityannuity and tontine both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| annuity | Yes | No | No | No |
| tontine | Yes | No | No | No |
As nouns,
tontine is a hyponym of
annuity; that is, tontine is a
word with a more specific, narrower meaning than
annuity:
- annuity: income from capital investment paid in a series of regular payments
- tontine: 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
Other hyponyms of annuity include
annuity in advance, ordinary annuity, reversionary annuity, survivorship annuity.
| annuity (noun) | tontine (noun) |
|---|---|
| income from capital investment paid in a series of regular payments | 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 |
| a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members |
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