Definitions

1. noun

A former English unit of taxation, especially in the 17th and 18th centuries, equivalent to one-third of a penny.

“The tontiner system was used to fund local government in England during the 1700s.”

2. noun

A type of annuity or investment, particularly popular in 17th- and 18th-century Europe.

“The investors in the tontiner scheme received regular dividends for many years.”