Tontine
It is an agreement or partnership of its kind amongst few people who agree to the be partners in investment lifelong and the last one to survive would be the one to receive all the gains and ownerships of the property.
tontine
n. a rare agreement among several persons who agree that each will invest in an annuity and the last to die will receive the remaining assets and profits.
TONTINE, French law. The name of a partnership composed of creditors or, re-cipients of perpetual or life-rents or annuities, formed on the condition that the rents of those who may die, shall accrue to the survivors, either in whole or in part.
Duhaime, Lloyd, Legal Definition of Tontine and Legal Definition of Tenants in Common
Duhaime, Lloyd, Joint and Common Tenancies.
Re Wooley [1903] 2 Ch. 205, at page 211.
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 See also: Secret, Tenancy, State, Thing, Time
  
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