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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Social and retirement insurance

Social and retirement insurance is any government-sponsored program and it is mandatory for for all citizens of the Czech Republic. It is also…

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