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Old 03-31-2024, 12:22 PM
 
Location: Phoenix, AZ
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Quote:
Originally Posted by Lodestar View Post
DH's Vietnam War Veteran's group has a Last Man's Club. They meet once a week for lunch. The lone man standing gets a bottle of prime alcohol.
A tontine.
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Old 03-31-2024, 07:56 PM
 
Location: Southern MN
12,038 posts, read 8,408,910 times
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Quote:
Originally Posted by adjusterjack View Post
A tontine.
Ah. Learned something new tonight. https://en.wikipedia.org/wiki/Tontine
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Old 04-01-2024, 11:50 AM
 
Location: Military City, USA.
5,576 posts, read 6,503,361 times
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I looked the word up on Dictionarydotcom and got this definition:

Tontine: an annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors' shares being increased as the subscribers die, until the whole goes to the last survivor.

Seems to fit the scenario described here.
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