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The past, present, and future of tontines : a seventeenth century financial product and the development of life insurance /
A tontine may be described as a pooled life annuity. Investors buy shares, and the issuer promises to pay interest on the raised capital. The characteristic feature of tontines is that the annuities of deceased investors are shared by surviving investors. With the death of the last survivor, the iss...
| Call Number: | Libro Electrónico |
|---|---|
| Main Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
Berlin :
Duncker & Humblot,
©2018.
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| Series: | Comparative studies in the history of insurance law ;
volume 2. |
| Subjects: | |
| Online Access: | Texto completo |