Collection

 

Meaning of the word: Collection

The collection means debt collection. This expression is usually used to indicate auto-collection, which is useful payment instrument, when the lender deducts from the debtor's account the amount owing. The collection is used, for example, to cover an habitual payments for electricity, gas, water and the like.

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Pension

Pension is a old-age pension, which is paid from the pension insurance scheme within the pension system. The pension is paid in monthly installments…

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