tontine

Etymology
From, named after , who introduced the scheme into France in around 1653. Can be decomposed as.

Noun

 * 1)  A form of investment in which, on the death of an investor, his share is divided amongst the other investors.

Translations

 * Catalan: tontina
 * French:
 * Spanish: tontina

Etymology
From From, Napoleonic banker, who proposed this scheme to  in 1653.