Meaning of the word: 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 on a regular basis either for life or just for a predetermined period. Entitlement to a pension has everyone who has fulfilled the minimum insurance period and reached the retirement age.back to dictionary >
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Principal financial is the amount that the debtor's borrowed from the lender. The reward for providing this amount is interest for the lender, which…go to the dictionary >
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