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King William's Tontine by Moshe A. Milevsky (2017) Paperback VERY GOOD organization only Bailey Ruth's hasty intervention

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King William's Tontine by Moshe A. Milevsky (2017) Paperback VERY GOOD organization only Bailey Ruth's hasty interventionPaperback in Very Good condition. 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, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one

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