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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The guarantor is the individual who undertakes, in the event of the inability of the borrower to repay its debt to pay the remaining debt instead.…go to the dictionary >
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