Pronounced: luh-PYOOT-n, adj
Notes: I didn’t know this word, but it made me think of another word, whose origin is the same as this word (quite odd, eh?)
Yesterday’s word
The word tontine is “a joint financial arrangement whereby the participants contribute equally to a prize that is awarded entirely to the particpant who survives all the others”
First usage
Our word came into English in the mid-1700s
Background / Comments
As I noted yesterday, I happen to know our word; tontine is used in at least one mystery story by Agatha Christie. Although no particular title springs to mind, I do remember the word, and the fact that it was defined that the death of one of a group increased the holdings of the others; I think it was in relation to an inheritance. Such a usage may or may not be correct. Anyway, our word came from the name of the man who created them – Lorenzo Tonti, a Neapolitan banker. In some places, tontines were banned due to the temptation for an evil member of a tontine to kill off their fellow investors.