PIN

 

Meaning of the word: PIN

PIN or personal identification number is a secret numeric password, it can be used to authenticate the user to the system. We can use PIN at different places, for example when we collect money from ATM, we need to use PIN assigned by our bank. PIN is also used by Mobile network operators and other institutions.

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Interest on arrears

Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…

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