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Funds that spend money on firms which are environmentally pleasant or usually are not connected with the tobacco, alcohol or arms industries. Alignment of economic and financial techniques among European Union member nations to enable the introduction of a single foreign money, the euro. Death of a member of an organization pension scheme earlier than their retirement date, while nonetheless employed by the corporate. Pays out a lump sum if the insured particular person is identified with a serious illness that is specified throughout the insurance coverage.
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The amount of cash payable on cancellation (“surrender”) of a policy with an funding component, earlier than the benefit becomes payable . Surrender values will depend on premiums paid and time elapsed. A kind of mortgage for debtors with a low credit rating or poor credit score historical past because, for instance, they have defaulted on earlier loans or been bankrupt. Lenders usually charge the next fee of curiosity on subprime loans due to the higher dangers involved.
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