Define That Term #67
March 20, 2006
Saturday's term was tontine, which is defined as:
n. a rare agreement among several persons who agree that each will invest in an annuity and the last to die will receive the remaining assets and profits.
No one guessed.
Today's term is:
ad hoc.
I'm familiar with this term, but wasn't able to define it--until now.
Can you? No dictionaries allowed.
as it happens or arises. on a case by case basis.
Posted by: slickdpdx | March 20, 2006 at 02:07 PM