Definition: Tontine Meaning in English to Urdu is مشترکہ قرض کا منصوبہ, as written in Urdu and Mushtarqa Qarz Ka Mansoobah, as written in Roman Urdu. There are many synonyms of Tontine which include Ragbag, Mixed Bag, Grab Barrel, Grab Box, etc.
n
. An annuity, with the benefit of survivorship, or a loan raised on life annuities with the benefit of survivorship. Thus, an annuity is shared among a number, on the principle that the share of each, at his death, is enjoyed by the survivors, until at last the whole goes to the last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively.
Form
Noun
How To Spell Tontine
[ton-teen, ton-teen]
Origin of Tontine
Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France ( c 1653).
Urdu Meaning
Find the correct meaning of Tontine in Urdu, it is important to understand the word properly when we translate it from English to Urdu.
There are always several meanings of each word in Urdu, the correct meaning of Tontine in Urdu is مشترکہ قرض کا منصوبہ, and in roman we write it Mushtarqa Qarz Ka Mansoobah.
The other meanings are Mushtarqa Qarz Ka Mansoobah, Rahibon Kay Sar Mundanay Ki Rasam and Paadri Banna Ya Banaya Jana.
Tontine is an noun according to parts of speech.
It finds its origins in Mid 18th century: from French, named after Lorenzo Tonti (1630–95), a Neapolitan banker who started such a scheme to raise government loans in France ( c 1653).
There are also several similar words to Tontine in our dictionary, which are Ragbag, Mixed Bag, Grab Barrel and Grab Box.
Tontine is spelled as [ton-teen, ton-teen].
After English to Urdu translation of Tontine, If you have issues in pronunciation than you can hear the audio of it in the online dictionary.