King William's Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past by Moshe a. Milevsky

King William's Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past

Moshe a. Milevsky

274 pages missing pub info (editions)

nonfiction business economics history medium-paced
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In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt,...

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