TONTINE INSURANCE n.
Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the su…
TURPENTINE n.
A semifluid or fluid oleoresin, primarily the exudation of the terebinth, or turpentine, tree (Pistacia Terebinthus), a native of the Mediterranean region. It is also obtained from many coniferous trees, especially species of pine, larch, and fir.