In French law. A species Of association or partnership formed among persons who are in receipt Of perpettfai or life annuities, with the agreelnfent that the shares or annuities of those who die Bhall accrue to the survivors. This plan is Sald to be thus named frohi Touti, an Italian, who Invented it in the seventeenth' century. The principle is used in some forms of life insurance.. Merl. Repert
Source: Black's Law Dictionary 2nd Ed (1910)
