semitontine
A form of tontine insurance in which the surplus is divided among the holders of…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.
Meaning
1 senses(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.
Origin
From semi- + tontine.From semi- + tontine.
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Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable