Is “Tontine” a Scrabble word?

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Yes
TONTINE
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Tontine

/tɒnˈtiːn/

noun
  1. 1.A form of investment in which, on the death of an investor, his share is divided amongst the other investors.