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    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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