Business Terms and Jargon Explained

What is Tontine

This scheme of lending money is where there are a number of persons who make up the lenders who each receive an annuity for life. The amount increase as the lenders dies until the last remaining receives all the annuities.

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A.K.A Deposit N244 Civil Court form
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Appraiser IPO Adhocracy
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OATH Jus Sub silentio

Term created / updated 2005-10-24 12:47:29

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