Social and retirement insurance

 

Meaning of the word: Social and retirement insurance

Social and retirement insurance is any government-sponsored program and it is mandatory for for all citizens of the Czech Republic. It is also sponsored by the employer. Social and pension insurance is commonplace in all developed countries, it is sponsored by the government or by the social insurance fund.

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Principal

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…

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