tontható

Tonttható is a term primarily used in Hungarian, referring to something that can be "tontinated" or subjected to a tontine. A tontine is a form of annuity where participants pay a lump sum and receive regular payments. The key characteristic of a tontine is that when a participant dies, their share of the annuity is redistributed among the surviving members, rather than reverting to their heirs. This continues until only one survivor remains, who then receives the entire annuity.

The concept of tontine, and therefore "tonttható," implies a financial instrument with inherent risk and potential for significant reward for the longest-lived participants. Historically, tontines were used as a way to raise funds or as a form of life insurance. The term "tonttható" specifically denotes the potential for an asset, investment, or financial arrangement to function according to these tontine principles, meaning it is structured in such a way that its benefits are determined by survival.

The application of "tonttható" in modern contexts is rare due to regulatory challenges and the complexities of managing such long-term, survival-dependent financial products. However, the underlying principle of shared risk and reward based on longevity can still be found in some niche financial products or historical examples. The term itself signifies a state or quality of being capable of undergoing the tontine process.