Question

What is the period between the date of subscription to an insurance-cum-pension policy and the time at which the first instalment of pension is received?

A Appreciation Correct Answer Incorrect Answer
B Depreciation Correct Answer Incorrect Answer
C Deferment Correct Answer Incorrect Answer
D Recognition Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Deferment period is a time during which a borrower does not have to pay interest or repay the principal on a loan. Deferment period also refers to the period after the issue of a callable security during which the security cannot be called by the issuer.

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