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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Interest period indicates the time interval in which are attributed to interest on the capital. It can be annual, monthly, but also weekly. The…go to the dictionary >
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