\sˌɛmɪtˈɒntiːn], \sˌɛmɪtˈɒntiːn], \s_ˌɛ_m_ɪ_t_ˈɒ_n_t_iː_n]\
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By Oddity Software
By Noah Webster.
A form of insurance in which the insured allows all the profits on his policy, from compound interest, lapses, etc., to accumulate for a number of years and then receives the whole amount in a dividend; the beneficiaries of those who die during the period receive the face value of their policies, but the interest in the profits is forfeited to the survivors.
By Stedman, Thomas Lathrop