Tonton definition

Tontine is the name of an early system for raising capital in which individuals pay into a common pool of money; they receive dividends based on their share of returns from investments made with the pooled money. As members of the group died, they were not replaced with new investors so the proceeds were divided among fewer and fewer members. The surviving investors quite literally profited from the deaths of people they knew—a feature that many considered macabre.

Even in their heyday, tontines were regarded as somewhat off-color. At the height of their popularity in the s, tontines represented almost two-thirds of the insurance market in the United States and accounted for more than 7. Bythere were an estimated nine million active tontine policies in the U. Despite their popularity, tontines had acquired a bad rap in the U. Although they seem alien today, tontines have a storied pedigree that reaches back at least half a millennium. The name comes from a 17th-century Italian financier, Lorenzo de Tonti.

It is not clear whether he actually invented the tontine, but Tonti did famously pitch a tontine scheme to the French government in the 17th century as a way for King Louis XIV to raise money.

A few decades later, in the late Middle Ages tontines became widespread in Europe as a financing tool of the royal courts. Because levying taxes was often out of the question, European monarchs borrowed, predominantly via tontines, to fund their internecine wars.

As an investor in a tontine, you paid a lump sum upfront—similar to the concept of principal except that it was never paid back—and you received annual "dividend" payments until your death.

When an investor died, his shares were divided among the surviving members of the tontine. In this way, a tontine's characteristics are similar to a group annuity and a lottery. In a tontine, the longer you live—and the fewer fellow investors who remain living—the larger your annual payment. The last investor alive would collect the entire dividend.

When all the investors died, the tontine ended, and the government usually absorbed the remaining capital. In most places in the United States using tontines to raise capital or obtain lifetime income is consistently upheld as being legal; however, outdated legislation in two states has fostered the incorrect perception that selling tontines in the broader U. In 19th-century America, tontines were a popular vehicle for increasing life insurance sales. In fact, historians generally credit tontines with single-handedly underwriting the insurance industry's ascendance in America.

Popular culture served to amplify both the fashionability and the dark side of tontines—as Agatha Christie, Robert Louis Stevenson, and P. Wodehouse all wrote stories about tontine participants conspiring to kill one another to claim the big payoff.

At the beginning of the American Republic, U. Treasury Secretary Alexander Hamilton proposed using tontines as a way to reduce the national debt. These beneficiaries would still receive a dividend, but it would no longer increase as their co-beneficiaries died off.Top definition.

A local hero in the Broadway show, " Once on this Island ", often known for breaking awkward silences, saving the day, and being awesome. In recognition, Tonton has his own holiday "Tontonmas" where young children celebrate by eating large amounts of Waffles. Oct 3 Word of the Day. Thoughts and prayers. Frenemy has a family tragedy.

Furry, white creature with spiral horns. Home planet of Hoth. A mix between a goat and a kangaroo. A method of transportation in star wars: battlefront. Used in the icy tundras of Hoth to get around quickly. Very weak and prone to bouts of standing completely still trying to figure out how it survives without anything to eat but snow and ice.

A sleeping bag used to stay warm and cozy on the cold, wintry nights of Hoth. The problem with using a Ton-ton as a sleeping bag is that this often results in the death of the Ton-ton as vital organs and "stuff" gush out upon entering the gizzard of a Ton-ton.

Also, the smell is pretty nasty, but what did you expect, a 4-star hotel? H0w 1 L0z3? What are you O oh my god Girls who are so fat, they not only weight tons, but they also make you want to slice them open, crawl inside them for warmth, just like Luke Skywalker did to that ton-ton in The Empire Strikes Back! OMG, this cold is freezing my nuts off, we need to find some tontons! To cut open a living being, usually an animal, and get inside to use their body heat for warmth.

Sometimes used as a angry threat to annoying people during times of extreme cold. Han Solo preformed an emergency ton-ton procedure using a lightsaber in order to keep Luke Skywalker alive on the frozen planet of Hoth. Eee-o eleven UrbDicWe're doing our best to make sure our content is useful, accurate and safe. If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.

If by any chance you spot an inappropriate image within your search results please use this form to let us know, and we'll take care of it shortly. Word in Definition. Editors Contribution 0. She is a straightforward guy Submitted by suga on May 1, How to pronounce tonton? Alex US English. Daniel British. Karen Australian. Veena Indian. How to say tonton in sign language?

Popularity rank by frequency of use tonton Select another language:. Discuss these tonton definitions with the community: 0 Comments. Notify me of new comments via email. Cancel Report. Powered by CITE.

What Does un Tonton Mean in English?

Are we missing a good definition for tonton? Don't keep it to yourself Submit Definition. The ASL fingerspelling provided here is most commonly used for proper names of people and places; it is also used in some languages for concepts for which no sign is available at that moment. There are obviously specific signs for many words available in sign language that are more appropriate for daily usage.

Get instant definitions for any word that hits you anywhere on the web! Thanks for your vote! We truly appreciate your support.It enables subscribers to share the risk of living a long life by combining features of a group annuity with a kind of mortality lottery.

Each subscriber pays an agreed sum into the fund and thereafter receives a periodical payout. As members die, their payout entitlements devolve to the other participants, and so the value of each continuing payout increases. On the death of the last member, the scheme is wound up. The new Pan-European Pension legislation coming into force in August contains provisions which specifically pave the way for a next-generation of pension products that abide by the "tontine principle".

Questionable practices by U. Nevertheless, in MarchThe New York Times reported that tontines were getting fresh consideration as a way for people to get steady retirement income. The investment plan is named after Neapolitan banker Lorenzo de Tontiwho is popularly credited with inventing it in France in In fact, he more probably merely modified existing Italian investment schemes, [6] while another precursor was a proposal put to the Senate of Lisbon by Nicolas Bourey in The first true tontine was therefore organised in the city of Kampen in the Netherlands in Octoberand was soon followed by three other cities.

The English government organised a tontine in Those in Britain were not fully subscribed, and in general the British schemes tended to be less popular and successful than their continental counterparts. By the end of the 18th century, the tontine had fallen out of favour as a revenue-raising instrument with governments, but smaller-scale and less formal tontines continued to be arranged between individuals or to raise funds for specific projects throughout the 19th century, and, in modified form, to the present day.

tonton definition

Each investor pays a sum into the tontine. Each investor then receives annual interest on the capital invested. As each investor dies, his or her share is reallocated among the surviving investors.

This process continues until the death of the final investor, when the scheme is wound up. Each subscriber receives only interest; the capital is never paid back.

Strictly speaking, the transaction involves four different roles: [12]. In most 18th- and 19th-century schemes, parties 2 to 4 were the same individuals; but in a significant minority of schemes each initial subscriber-shareholder was permitted to invest in the name of another party generally one of his or her own childrenwho would inherit that share on the subscriber's death. Because younger nominees clearly had a longer life expectancy, the 17th- and 18th-century tontines were normally divided into several "classes" by age typically in bands of 5, 7 or 10 years : each class effectively formed a separate tontine, with the shares of deceased members devolving to fellow-nominees within the same class.

In a later variation, the capital devolves upon the last survivor, thus dissolving the trust and potentially making the survivor very wealthy. Financial inventions were patentable under French law from January until September In June a patent was issued to inventor F.

Dousset for a new type of tontine in combination with a lottery. Louis XIV first made use of tontines in to fund military operations when he could not otherwise raise the money.

tonton definition

The initial subscribers each put in livres and, unlike most later schemes, this one was run honestly; the last survivor, a widow named Charlotte Barbier, who died in at the age of 96, received 73, livres in her last payment.

Tontines soon caused financial problems for their issuing governments, as the organisers tended to underestimate the longevity of the population. At first, tontine holders included men and women of all ages. However, by the midth century, investors were beginning to understand how to game the systemand it became increasingly common to buy tontine shares for young children, especially for girls around the age of 5 since girls lived longer than boys, and by which age they were less at risk of infant mortality.

This created the possibility of significant returns for the shareholders, with significant losses for the organizers. As a result, tontine schemes were eventually abandoned, and by the mids tontines had been replaced by other investment vehicles, such as " penny policies ", a predecessor of the 20th-century pension scheme.Start your free trial today and get unlimited access to America's largest dictionary, with: More thanwords that aren't in our free dictionary Expanded definitions, etymologies, and usage notes Advanced search features Ad free!

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tonton definition

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Play the game.All session betting refers to a specified number of frames - as designated on each market e. The first frame of the specified mini session must be played for bets to stand. If the match ends naturally during the session then bets will stand (e. In the event of a match starting but not being completed bets will be void, unless the outcome of the specific market is already determined.

In the event of the first frame not being completed bets will be void, unless the outcome of the specific market is already determined. If the statutory number of frames in a match are not completed then bets will be void unless there is no conceivable way the match could be played to its natural conclusion without unconditionally determining the result of this market.

Where revised match betting is offered (between sessions) one frame of the following session must be completed for bets to stand. If the first legally potted colour is not shown live on TV then all bets placed will be made void win or lose.

If the first legally potted ball is not shown live on TV then all bets placed will be made void win or lose. Bets stand in the event of a re-rack. This includes any added injury or stoppage time but does not include extra-time, time allocated for a penalty shootout or golden goal.

The exceptions to this rule are in relation to friendly matches, where all match markets will be settled based on the actual result when the game finishes (excluding any extra-time), irrespective of whether the full 90 minutes is played, and Beach Soccer where markets are specifically settled on 36 minutes play only. Extra-Time In-Play MarketsBets are settled on the official statistics for the extra-time period.

Any goals or corners that were taken or scored during regulation time do not count. Matches Postponed, Brought Forward or AbandonedAn unplayed or postponed match will be treated as a non-runner for settling purposes unless it is played within the same week (ending on Sunday) in which case the bet will stand unless cancelled by mutual consent.

If a match is rescheduled from the weekend to a Monday night for the purpose of live TV coverage then all bets on that match will stand. Should any match be played prior to the date or kick-off time denoted then any such match may be included provided the wager is placed not later than the revised kick-off time.

Any match abandoned before the completion of 90 minutes play will be void except for those bets the outcome of which has already been determined at the time of abandonment. The market must be fully determined for bets to stand For example, first player to score or time of the first goal bets will stand provided a goal has been scored at the time of abandonment.

The only exception to the above abandoned match rule, is for all South American club matches where Full-Time Result and Double Chance markets (both pre-game and In-Play) will be settled on the score at the time of the abandonment providing the relevant league allows the result to stand. Matches not Played as ListedIf a match venue is changed (other than to the away team's ground) then bets already placed will stand providing the home team is still designated as such.

tonton definition

If the home and away team for a listed match are reversed (e. We will endeavour to identify on our Website all matches played at a neutral venue. For matches played at a neutral venue (whether indicated on our site or not), bets will stand regardless of which team is listed as the home team.

If an official fixture, lists different team details to those listed on our Website then bets will be void e. In all other cases bets stand, including instances where we list a team name without specifying the term 'XI' in the name.Following is a list of payoffs at various odds for quick reference:Are you with a group of friends betting on horses at the racetrack.

A fun way to bet on horse races that gets everyone in your party involved is a group show parlay. Each person in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse. Your winnings can add up very quickly.

Of course you are, and the facts and stats in the following list can help you better your odds:Every racetrack has a television simulcast commentator who handicaps between the races. Listen and see if you can pick up any good tips to bet on. The top ten riders in the jockey standings win about 90 percent of the races run during the meet. A no-brainer method of betting overlays is to play a couple bucks on horses going off at odds two to three times higher than its morning line.

When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place. The following list spells out the betting procedure step by step: State the name of the racetrack.

State the dollar unit of your bet. State the type of wager. You can bet on a single horse to win, place, or show or on a combination of horses. Check your ticket before you leave the window.

Betting Tools You Need at the Horse RacesAlong with your sunscreen (or umbrella. You may want binoculars to see your favorite pass the finish line, but the tools in the following list are even more useful when it comes to actually placing your bets: Racetrack program: Like a program at a baseball game, it has information on all the players.

Of course you are, and the facts and stats in the following list can help you better your odds: Every racetrack has a television simulcast commentator who handicaps between the races. Favorite horses win about 33 percent of the time, although at low payoffs. Types of Horse Racing Wagers (and Your Chances of Winning)When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place.

Gambling is, by its very nature, a risk-ridden way to fill your time or even to try and make money.

But, when done sensibly, it can also be a fun and exciting addition to watching sport. But how do you make the most of your bet.

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It's not just about which football team has won their last six games but how well they have really played offensively and defensively. Were they good at keeping possession or were they lucky.

Which tennis player is having a spat with their coach. That golfer might have won two majors this season but how much experience does he have on a links course. These are the kinds of details that will inform your betting and will better prepare you for spotting those good-value markets. This seems obvious to point out but it is difficult for any punter to ignore the price bookies have given.

When Rafael Nadal took on Fabio Fognini at the Barcelona Open back in April, bookmakers had Nadal as the heavy favourite.

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