Pension

 

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.

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Term deposit

Term deposit is a type of bank account that guarantees the interest rate of the deposit the client. It is concluded for a specified period and at the…

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